Corridor Capital Acquires Innovative Office Products

Corridor Capital Acquires Innovative Office Products

innovative nfCorridor Capital has acquired a majority interest in Innovative Office Products, a manufacturer of ergonomic mounting solutions for flat panel monitors. Avante Mezzanine Partners and management co-invested with Corridor on this transaction.

Innovative Office Products (IOP) is a manufacturer of ergonomic mounting solutions for flat panel monitors, notebooks, tablet PCs and control panels.  IOP offers more than 5,000 SKUs to a base of blue chip customers that includes commercial furniture OEMs, IT and office equipment distributors and value-added retailers, healthcare equipment OEMs and other niche end-markets such as education and financial services.  The company is headquartered in Easton, PA (

“We are extremely pleased to team with Joe Tosolt and the IOP team to empower the company in its evolution from a market leading entrepreneurial business to a niche institutional enterprise,” said Craig Enenstein, CEO of Corridor. “IOP has unparalleled capabilities in the mounting solutions segment of the rapidly growing market for ergonomic equipment, computer accessories and furniture. We look forward to assisting the business as it goes through its next stage of infrastructure development, product innovation and growth.”

“IOP has experienced solid growth in recent years, driven by our long-standing reputation for consistently meeting our customers’ exacting demands for high quality, innovative and functional solutions. It was critical to all of the company’s stakeholders to find a partner committed to preserving this legacy as we continue to grow,” said Joe Tosolt, CEO of IOP. “Corridor has a proven track record of helping small market businesses build lasting value over time. With Corridor’s involvement, we anticipate accelerating our growth and investing in the resources necessary to lead the industry in quality and innovation well into the future.”

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, and environmental services.  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 (

Corridor’ co-investment partner on this transaction, Avante Mezzanine Partners, provides unitranche/one-stop debt, mezzanine, and minority equity investments of $5 million to $20 million to sponsored and non-sponsored companies with EBITDAs from $3 million to $15 million. Sectors of interest include aerospace & defense; business services; consumer products; distribution; education; healthcare & life sciences; industrial manufacturing; security products & services; software & IT services; and specialty chemicals & coatings. Avante Mezzanine Partners has offices in Los Angeles and Boston (

© 2013 PEPD • Private Equity’s Leading News Magazine • 9-11-13

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