Corridor Capital Invests in Subscription-Based Business Training and Implementation Services Platform for Owners and Senior Executives of Contractor Services Businesses

December 23, 2020 | Transactions

Los Angeles, CA – Corridor Capital announced today an investment in CEO Warrior (“CEO Warrior” or the “Company”) in partnership with management, to support the Company’s strong growth trajectory and continued development of new value-added services for its clients. This is the firm’s third platform investment from Corridor Capital III, L.P.

CEO Warrior is a New Jersey headquartered provider of subscription-based business training and implementation services for owners and the senior executive teams of contractor services businesses, particularly those engaged in heating, ventilation, and air conditioning (“HVAC”), plumbing, and electrical services. The Company’s services include tactical and strategic trainings, peer community-driven engagement, and access to a database of proprietary resources which are collectively designed to help its clients grow revenue and improve profitability. CEO Warrior was founded in 2014 by Michael Agugliaro and Robert Zadotti, who will continue in leadership roles with the Company and will remain material owners of the business alongside Chief Operating Officer and new owner Michael Disney.

The Company has grown rapidly since its founding, including a successful pivot to a 100% online service delivery model during the COVID-19 pandemic. With the benefit of Corridor’s deep strategic, operational and financial partnership, CEO Warrior is poised to further accelerate its growth and expand its offerings to create additional value for its clients. Moreover, Corridor expects to enhance CEO Warrior’s leadership position in the home contractor services training industry through additional investment in sales, technology, and marketing, as well as new product and service development, both organically and through strategic acquisitions.

“CEO Warrior has excelled in supporting its clients through its comprehensive, value-added training, implementation, and community resources, resulting in outstanding value and return on investment for its clients. We are excited to partner with Michael Agugliaro, Robert Zadotti, Michael Disney, and the entire CEO Warrior team to support the Company’s continued growth in pursuit of building the leading training and implementation service provider to the contractor services industry,” said Corridor CEO, Craig Enenstein.

“CEO Warrior has built a unique and differentiated offering to help its clients deliver business excellence, grow their companies, and break through whatever barriers they are facing,” said Michael Agugliaro, CEO Warrior’s co-founder and CEO. “We are excited to partner with Corridor and leverage the additional resources and strategic guidance they provide to better serve our clients and further accelerate our growth,” added CEO Warrior’s co-founder and Vice Chairman Robert Zadotti.

Comerica Bank, a leading commercial bank with more than 170 years helping businesses grow, provided a senior credit facility in support of the investment. This marks Comerica’s fourth such facility alongside Corridor Capital.

True West Capital Partners, a private investment firm which provides flexible capital to middle-market companies in the U.S., also made an investment in the Company. This is True West’s first such facility supporting Corridor Capital.

SF&P Advisors served as exclusive financial advisor to the Company. Morgan, Lewis & Bockius served as legal advisor to Corridor Capital.