Corridor Capital has hired Shaun Wright as Director of Business Development. He will be responsible for originating new investment opportunities for Corridor and helping manage the firm’s intermediary relationships.
Mr. Wright has a track record of success driving deal flow in the lower-middle market having sourced 14 investments which closed during his five-year tenure with Platinum Equity, a $3.5 billion private equity group based in Los Angeles. He was responsible for researching, evaluating and sourcing investment opportunities, as well as maintaining intermediary relationships.
“Shaun has a keen eye for the type of investments in which Corridor excels. We are excited to have Shaun join the Corridor team. He is well regarded in the private equity industry for his ability to work constructively with company owners, investment bankers and other deal flow sources,” said Craig Enenstein, Corridor Capital’s CEO.
Mr. Wright believes there is considerable opportunity for Corridor given its focus on niche manufacturing and business services companies generating $2 million to $5 million of EBITDA. “Corridor has a strong reputation in the lower-middle market for working through more complicated situations and for collaborating with management teams and entrepreneurs to unlock value. I am excited to help drive the firm’s origination efforts as I believe there is considerable opportunity within our focus area,” said Mr. Wright.
Corridor Capital makes control investments of $3 million to $12 million in mid-market companies with EBITDAs of $2 million to $5 million. Sectors of interest include specialty manufacturing, business services, environmental services and other defensive sectors. Corridor focuses on complex situations, particularly those requiring growth support or operational or financial engagement. Corridor’s investor base includes approximately 150 executives across an array of industries and disciplines that the firm uses as an active resource for its portfolio companies and their teams. The firm is based in Los Angeles (www.corridorcap.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-19-13