Investment Summary

Corridor Capital and The Gladstone Companies Exits Circuitronics

On February 2, 2022, invested in electrical equipment company Circuitronics from Corridor Capital and The Gladstone Companies

Investment Highlights
  • This is transaction in the Electrical Equipment sector.
  • This is transaction in the United States.
  • This is transaction in Texas.

Investment Summary

Date 2022-02-02
Target Circuitronics
Sector Electrical Equipment
Sellers(s) Corridor Capital
The Gladstone Companies
Deal Type Bankruptcy

Target

Circuitronics

Farmers Branch, Texas, United States
Circuitronics is a provider of a specialized printed circuit board assembly and related electronic manufacturing services. Circuitronics was founded in 1971 and is based in Farmers Branch, Texas.

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Seller(S) 2

SELLER

Corridor Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Corridor Capital is a private equity firm focused on acquiring lower middle-market companies in the specialty manufacturing, business services, healthcare services, technology services, and financial services sectors. Target companies are typically profitable ($2 to $8 million of EBITDA) and exhibit strong industry positions, identifiable growth possibilities, and stable/diverse customers. Corridor Capital was established in 2005 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 9 of 12
Sector: Electrical Equipment M&A 2 of 2
Type: Bankruptcy M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 8 of 11
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Nationwide Property & Appraisal Services

Voorhees, New Jersey, United States

Nationwide Property & Appraisal Services is an appraisal management company specializing in the management of appraisal and property valuation services for residential and commercial property lenders. Nationwide Property & Appraisal Services was founded in 2008 and is based in Voorhees, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Consolidated Flooring

Romulus, Michigan, United States

Consolidated Flooring distributor and installer of floor covering products for the repair, maintenance and restoration of commercial, healthcare, multi-family and insured residential properties in Michigan. Consolidated Flooring is based in Romulus, Michigan.

Sell -
SELLER

The Gladstone Companies

Investor Investor Investor Investor Investor


Category Lender
Founded 2001
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Gladstone Companies manages a series of publicly traded investment vehicles and looks to make debt and equity investments in US-based small to middle-market businesses. The Firm focuses on second lien debt, mezzanine debt, secured and unsecured subordinated loans, equity and real estate sale leasebacks. Target investments generally range from $5 to $30 million in companies with over $3 million in EBITDA. Target sectors include manufacturing, industrial products, business and government Services, media, communications, consumer products and services, healthcare services, transportation, specialty chemicals, and energy services. The Gladstone Companies was formed in 2001 and is based in McLean, Virginia.


DEAL STATS #
Overall 18 of 18
Sector: Electrical Equipment M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
State: Texas M&A 2 of 2
Country: United States M&A 18 of 18
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 SOG

Lynnwood, Washington, United States

SOG is a designer, manufacturer, and marketer of knives and tools used by hunters, campers, and outdoor enthusiasts, as well as military and law enforcement personnel. SOG was founded in 1986 and is based in Lynnwood, Washington.

Sell -