Everside Announces New Investment in Real Estate Services Platform
April 15, 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.
Everside Capital Partners, LLC (“Everside”), an SEC Registered Investment Adviser, is a New York based asset management firm focused exclusively on the lower middle market (defined as businesses with $3-20 million in EBITDA). The firm is led by a team with extensive backgrounds in credit, direct investing and origination from top global institutions and manages over $400 million in assets.
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.
For more information, visit www.everside.com.