Los Angeles, California – Avante Mezzanine Partners announced today that it has provided subordinated debt and an equity co-invest to support the acquisition of Innovative Office Products, LLC (“IOP”) by Corridor Capital. Headquartered in Easton, Pennsylvania, IOP is a leading manufacturer of ergonomic mounting solutions for flat panel monitors, notebooks, tablet PCs and control panels (www.lcdarms.com). IOP’s innovative design capabilities and highly flexible offering of custom configured products are sold into a diverse base of customers in a variety of end markets that includes commercial furniture OEMs, IT and office equipment distributors and VARs, and healthcare equipment OEMs.
“Avante demonstrated its partnership-like approach, flexibility, and responsiveness throughout the entire financing process,” said Craig Enenstein, CEO of Corridor Capital. “They share our vision on IOP and we look forward to working with them as we invest in the Company to facilitate its next stage of growth.”
“We have always had a tremendous amount of respect for Craig and his team and are excited to partner with them on IOP” said Jeri Harman, Founder and Partner of Avante. Paul Hayama, Principal of Avante added “Corridor’s collaborative approach is perfectly suited to assist management in transforming IOP from a family run business to an institutional enterprise. We look forward to IOP continuing its track record of growth and innovation with the added benefit of Corridor’s operational expertise and hands-on engagement.”