Everside Announces New Investment in Real Estate Services Platform
April 2021
New York City, NY – Everside Capital Partners (“Everside”) is pleased to announce a new investment in World Wide Land Transfer (“WWLT” or the “Company”). Everside together with Southfield Mezzanine Capital (“Southfield”), a CT based investment firm, provided senior subordinated debt and equity to support Corridor Capital’s investment into the Company.
Headquartered in Pennsylvania, the Company is a full-service, independent settlement and escrow company providing comprehensive title insurance services for all forms of real estate transactions ranging from home purchases to refinances. The company has offices in Pennsylvania, New York, New Jersey, and Florida. WWLT was founded in 2004 by CEO Mark Shaw, who will continue as CEO and remains a material owner of the business.
Following the investment, the Company is poised to execute on strategic M&A to broaden its geographic reach and expand its capabilities, invest in new and existing business relationships, and further improve its technology platform to continue to deliver best-in-class service to its distribution partners, underwriters, and clients.
Nate Kirk, Founder and Managing Partner of Everside, summarized it nicely, “We are enthusiastic about working with Corridor and Southfield to support WWLT’s continued growth. We believe that WWLT has some excellent characteristics that have enabled it to perform well through the global pandemic and has already identified multiple opportunities to further grow and expand its presence.”
WWLT represents the 15th Direct investment that Everside has closed since its inception.
About Corridor Capital:
Corridor Capital is a Los Angeles based private investment firm which makes control and non-control investments into owner-operated businesses which are well-positioned but which can greatly benefit from Corridor’s deeply engaged, collaborative operating model.
About Southfield Mezzanine Capital:
Southfield Mezzanine Capital is a private investment firm which provides flexible capital to middle-market companies in the U.S. Southfield provided debt and equity in support of this investment, marking Southfields second such facility alongside Corridor.
Everside is an SEC-registered investment advisor, as well as a SBIC (Small Business Investment Company) license holder based in New York, NY. With over $1.9 billion in assets under management across its funds, Everside partners with leading SBIC managers in the lower middle market through its primary and secondary investing strategies, and also makes direct credit and equity investments in small businesses through its direct investing strategies. As a flexible capital provider, Everside offers debt and structured equity solutions for recapitalizations, acquisitions, liquidity events, and management buyouts.
For more information, please visit us at everside.com.
*This communication is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or of any fund or account Everside Capital Partners, LLC (the “Adviser”) manages or offers. Although the information provided herein has been obtained from sources which the Adviser believes to be reliable, we do not guarantee its accuracy, and such information may be incomplete or condensed. The information is subject to change without notice and the Adviser has no obligation to update you.
This document should not be the basis of an investment decision. An investment decision should be based on your customary and thorough due diligence procedures, which should include, but not be limited to, a thorough review of all relevant term sheets and other offering documents as well as consultation with legal, tax and regulatory experts. Statements made in this release include forward-looking statements which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” or believe,” or other variations thereon. Certain information contained herein constitutes opinions, intentions, or beliefs of the Adviser, which may be preceded by the terms “belief,” “opinion,” or other similar terms. Such statements of “opinion” merely represent the Adviser’s state of mind and should not be construed as a material statement of fact. Any use of adjectives or superlatives included herein are a good faith opinion of the Adviser including but not limited to language such as “exhaustive,” “superior,” or “leading,” and should not be construed as material statements of fact. Further, other third parties may not agree with the opinions of the Adviser.