Worldwide Facilities has announced that it has closed a previously announced investment with private equity firm Genstar Capital. As part of the transaction, Lovell Minnick Partners is divesting its investment in Worldwide Facilities. Terms of the transaction were not disclosed.
“We look forward to continuing to execute our growth strategy and increasing our market relevance with our new partner,” said Davis Moore, CEO of Worldwide Facilities. “Genstar is knowledgeable and experienced with insurance distribution investments and enjoys an excellent reputation and track record.”
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