Corridor Capital LLC located in Los Angeles, CA, celebrated the New Year early with the acquisition of three specialty manufacturing companies from Churchill ESOP Capital Partners.
In the transaction, Corridor acquired Wetmore Tool & Engineering Inc., U.S. Industrial Tool & Supply Inc. (USIT), and Arvan Inc.
Founded in 1950 and located in Chino, CA, Wetmore is a market leader in specialty cutting tools, drill bits, and fasteners serving customers in the aerospace, automotive, and industrial markets. Wetmore manufactures both custom and standard cutting tools and related products under the HP Manufacturing, Wetmore Cutting Tools and California Associated Products brands.
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