Corridor Hauls Away TrashMasters

Corridor Capital, a Los Angeles-based private equity firm, has, alongside SPB Partners, has purchased a controlling stake in TrashMasters LLC, a regional waste hauling business, for an undisclosed amount.

Press release:

We are pleased to announce that on May 1, 2009 Corridor Capital, through its special purpose limited partnership, Corridor TrashMasters, L.P., completed a leveraged buyout as the lead investor, joined by our partner SPB Partners, resulting in a controlling interest in TrashMasters, LLC (“TrashMasters”).

Via a series of asset purchases, TrashMasters has successfully completed its acquisition of substantially all of the assets and specified liabilities of the contributing companies creating a Western Regional waste hauling business with operations in multiple states. As in previous Corridor transactions, the sellers of the contributing businesses maintained material ownership interests in the combined business.

About Corridor Capital, LLC

Corridor Capital combines private equity investing with active engagement in the strategy, finance and operations of our portfolio companies. We are a Los Angeles-based private equity firm specializing in lower middle market buyouts, recapitalizations, and growth capital situations. We believe we are differentiated by our highly active investor approach, whereby we work closely with portfolio company management. Corridor’s value-added activities include but are not limited to: worldwide business development, strategic partnering, financial controls design, customer profitability analysis, information technology systems evaluation, recruitment of key management team members, and temporarily assuming senior line roles. Our broad investor base includes many of the CEOs, strategic partners and service providers with whom we have worked over the years. We are honored that sellers often rollover a meaningful portion of their equity in an effort to benefit from the Corridor approach.