Announced
Completed
Financials
Sources
Tags
United States
Private Equity
Single Bidder
Financial Data and Systems
Domestic
appraisal services
Majority
Completed
Friendly
appraisal management company
Private
Acquisition
Synopsis
Arcapita Group Holdings, an alternative investment firm, completed the acquisition of a majority stake in Nationwide Property and Appraisal Services, an appraisal services provider, from Corridor Capital, a private equity firm. Financial terms were not disclosed. "Nationwide is extremely pleased to be partnering with Arcapita, a leading alternative asset manager partner, that shares a mutual vision for the future and will support Nationwide in continuing to build on its core strengths of customer service, purposeful acquisitions and technology investment. Also we are thankful for Corridor Capital's continued partnership, which is a testament to their belief in Nationwide," Sri Velamati, Nationwide CEO.
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