Brookside Capital Partners is pleased to announce its investment in Dart Appraisal, LLC (“Dart” or the “Company”). Founded in 1993 and headquartered in Troy, MI, Dart is a nationwide provider of appraisal management services, primarily for mortgage lenders, credit unions, and community banks in the residential and commercial sectors.
Brookside Capital Partners provided unitranche debt and an equity co-investment to support the acquisition of Dart by Corridor Capital, LLC, a Los Angeles, CA-based private equity firm. “We are thrilled to be partnering with Corridor Capital to support the acquisition of Dart and its future growth,” said Nicholas Ganias, Partner at Brookside Capital Partners. “Corridor has built an outstanding track record investing in the appraisal management industry and lower middle market in general. Further, we look forward to partnering with Dart CEO, Michael Dresden, who has helped build the Company’s market leadership position and commitment to providing exceptional service to its lender and appraiser partners.”
About Brookside Capital Partners
Brookside has invested over $1.3 billion since its founding in 2001. We are a leading provider of flexible capital solutions to lower middle-market companies, typically in the form of subordinated debt, unitranche loans and minority equity co-investments. Brookside generally invests $5 million to $30 million per transaction and has the resources to complete larger transactions, as well, by partnering with limited partners and associates. As a firm, we believe in partnership, collaboration, and achieving results together. We value the relationships with our sponsor and management partners and seek to find credit solutions that work for each unique situation. We deliver on our promises.
Please contact us or visit our website at brooksidecp.com for additional information. We welcome investment proposals and promise a prompt and confidential response.