Deal Details

Nationwide Property and Appraisal Services Receives Investment from Arcapita

Technology & Services
Real Estate

Nationwide, a portfolio company managed by Corridor, sale to Arcapita

Summary

Nationwide Property and Appraisal Services, LLC (“Nationwide” or “The Company”), a portfolio company managed by Corridor Capital (“Corridor”), received a majority investment from Arcapita Group Holdings (“Arcapita”). Terms of the transaction have not been disclosed.

Baird served as the exclusive financial advisor to Nationwide Property and Appraisal Services, LLC on this transaction.

About

Nationwide is a national (licensed in all 50 states) appraisal management and valuation services company that actively supports the valuation needs of mortgage lenders, servicers, and related real estate services companies throughout the United States. The Company was the first licensed, independent AMC following the financial crisis and its commitment to maintaining the highest standards of compliance, service and appraiser quality has enabled it to become the preferred partner for more than 20,000 loan officers, 400 different lending institutions and 15,000 of the most skilled independent appraisers throughout the United States. Nationwide was founded in 2008 and is headquartered in Voorhees, New Jersey.

Corridor Capital, LLC is a private equity firm that provides capital, operational support, and strategic guidance to lower middle-market business services companies in North America. Corridor manages committed funds on behalf of a diverse investor base, many of whom bring a deep understanding of and valuable relationships in the industries in which Corridor invests. Corridor seeks to leverage its dedicated, experienced team of operating professionals and extensive network of executives, advisors, and investors to actively engage with and support its management partners to create sustainable and scalable infrastructure and to grow its portfolio companies. Corridor is headquartered in Los Angeles, California.

Arcapita is a global alternative investments manager, with offices in the United States, The United Kingdom, Singapore and an affiliates office in Bahrain. Arcapita supports high-net-worth and institutional investors to find innovative, high-quality Shari'ah-compliant investment opportunities that drive economic growth in the real estate and private equity sectors. Arcapita’s management has overseen in excess of $15 billion in real estate investments across multiple sectors and geographies.