Corridor Capital-backed Dart Appraisal acquires ACT Appraisal

• Dart Appraisal, backed by Corridor Capital, acquired ACT Appraisal to expand a nationwide appraisal management platform.
• ACT, founded in 1998 and based in Chicago, provides appraisal management services to mortgage brokers, non-bank lenders, banks, credit unions.
• Deal adds a Chicago office footprint for Dart, broadening its team and valuation service capabilities.
• ACT is led by Erika and Bryan Franks, who will join Dart as the businesses combine.
• Old Second National Bank provided senior debt financing; Brookside Capital Partners provided mezzanine financing with an equity co-investment.

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