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Corridor Capital Team’s Investment Highlights
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TrashMasters, LLC is a commercial and industrial solid waste hauling business focused on acquiring underperforming businesses. The company is led by a team of industry veterans who specialize in optimizing operations. The business has completed four transactions since inception in mid-2009.
Over the course of the first 18 months, Corridor and the new management team transformed a family business by overhauling the fleet and containers, building a transfer station, instituting operational metric tracking, performing customer-level account review to modify unprofitable accounts, dramatically improving corporate culture, and reintroducing the business to its customers. We completed a significant add-on acquisition in August, 2010. To date, sellers of acquired companies have each rolled over equity into the new platform.
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Control Devices, LLC is a leading manufacturer of high quality valves serving the compressed air, pressure washer, automotive, fluid power, fire protection, specialty gas and pneumatic industries.
The company offers a line of standard products that has grown over the years, but prides itself in its ability to design and manufacture valves for custom applications. Corridor Capital acquired control of St. Louis-based CDI in 2007 and bought Hunter Fritz World Source Mfg., LLC and Robert Manufacturing Company as add-on transactions in 2008 and 2010, respectively.
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TIR Systems, Ltd. (TSX: TIR) was a world leader in the research, design, manufacture and marketing of specialty lighting systems for architectural applications, corporate identity lighting solutions, and commercial applications. In April 2005, TIR announced a significant breakthrough in LED-based lighting by launching its LEXEL™ technology to enable SSL for general lighting. TIR, located in Vancouver, B.C., was acquired in June 2007 by Royal Dutch Phillips.
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GrupoCentro, Inc., through its AutoCentro used car retail dealerships was founded to serve the needs of the rapidly growing Hispanic market by providing quality previously owned cars, a no-hassle car buying experience, a consumer direct auto loans. The company exited its retail operations and now services its portfolio of consumer auto loans.
Corridor exited this investment in 2010. |
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Select Prior Investments by Corridor Capital Principals |

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AirPrime, Inc. was acquired by Sierra Wireless, Inc. (NASDAQ: SWIR) and is a known leader in developing innovative wireless data technology. The company offers the broadest and most versatile product line in the industry including the AirCard® line of wireless modems; embedded modules for OEM wireless applications; and the MP line of rugged vehicle-mounted connectivity solutions. All of its products deliver superior product quality and support and are used by enterprise customers around the world to gain access to critical information anywhere, anytime.
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Alloy, Inc. (NASDAQ: ALOY) Alloy Media is a leading provider of innovative youth-focused media and full- scale marketing programs and has created or owned some of the world's most important youth entertainment franchises, including Gossip Girl, Pretty Little Liars, Vampire Diaries, Sisterhood of the Traveling Pants, Channel One News and Alloy Digital. With a diverse array of media and marketing services in digital, display advertising, direct mail, content production and educational programming, Alloy reaches one in every three young people nationwide every day and works with over 1,500 marketers, including half of the Fortune 200. Previously publicly traded, Alloy was acquired and taken private in 2010 by Zelnick Media. |

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GSN (formerly Game Show Network) is the entertainment industry leader in multi-platform interactive game programs. As the premier television network for games, GSN features challenging word games, high intensity casino programs, live participation shows, reality series and documentaries. Complementing the network, GSN.com features all types of game play: innovative Flash games for fun, skill cash game tournaments and downloadable games. Now reaching more than 62 million Nielsen homes, GSN is distributed in the U.S. through all major cable systems and satellite providers.
The network is jointly owned by DirecTV and Sony Pictures Television
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OpenTV, Inc. (NASDAQ: OPTV) is one of the world’s leading providers of solutions for the delivery of digital and interactive television. The company’s software has been integrated in over 81 million digital set-top boxes and digital televisions around the world—a powerful testament to the reliability and flexibility OpenTV brings to the market.
Liberty Media purchased control of OpenTV and subsequently sold the business to Kudelski in 2010.
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Paramount Scaffold, Inc. has been operating since 1973, and under the present management since 1988. The company provides a full range of scaffold and re-shoring services to all types of customers. Paramount prides itself in providing safe, professionally constructed scaffold with the attention to detail for which customers have become accustomed. Paramount is one of the leading scaffolding companies in Southern California, Las Vegas and Seattle.
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