Corridor Capital had hired Zack Stiefler as a principal on the firm’s investment team. Mr. Stiefler will be active in the evaluation, due diligence, financing and execution of new investment opportunities. In addition, he will also work with Corridor’s portfolio companies.
Mr. Stiefler joins Corridor after four years at New York-based private equity firm Lindsay Goldberg where he was a vice president. He has closed and managed investments across a range of sectors including industrial, healthcare, real estate, consumer, and energy.
From 2014 to 2018 he was the co-founder and CEO of Philadelphia-based Bungalow Insurance, an online seller of property and casualty insurance products, specifically renters insurance. Bungalow Insurance was sold to Latham, NY-based Effective Coverage, an online seller of insurance products, in 2018.
Mr. Stiefler has an MBA from Wharton and a BS in Economics and a BA in Political Science from Duke University.
Corridor Capital makes control investments in mid-market companies with EBITDAs of $2 million to $8 million. The firm invests across many sectors but has specific interest in specialty manufacturing, business services, and value-added distribution. Corridor Capital is based in Los Angeles (www.corridorcap.com).
© 2019 Private Equity Professional | February 15, 2019