Los Angeles, CA – Corridor Capital announced today its sale of U.S. Industrial Tool & Supply Company (“USIT”) and Arvan, Inc. (“Arvan”) to Esina Holding Corporation. These transactions mark the fourth and fifth exits from the firm’s prior fund, Corridor Capital II, L.P.
USIT, co-located with Arvan in Gardena, CA, offers an expansive selection of professional tools and accessories for aerospace manufacturing and other high precision industrial applications. Its products include the HS Tooling brand, which is a market leader in aerospace installation, assembly and repair tools with exceptional speed, precision and power.
Arvan specializes in fabricating mechanical and electrical components for the aerospace, electronics, microwave and electrical power industries. The company has over 50 years of experience producing components to the highest engineering standards with compression and injection transfer molding of composite materials, CNC precision machining and metal components assembly.
Morgan, Lewis & Bockius served as legal advisor to Corridor Capital.