Genstar Capital to Become Investor in Worldwide Facilities as Lovell Minnick Exits
August 7, 2019
Genstar Capital will become a new investor in Worldwide Facilities, a national wholesale insurance broker, as Lovell Minnick Partners exits its investment; financial terms were not disclosed. Headquartered in Los Angeles with more than 700 employees across 37 offices, Worldwide will partner with Genstar to pursue organic growth and strategic add-on acquisitions while enhancing its technology and product offerings; the deal was expected to close in Q3 2019.
- Buyers
- Genstar Capital
- Targets
- Worldwide Facilities, LLC
- Sellers
- Lovell Minnick Partners
- Industry
- Insurance
- Location
- California, United States
- Transaction Type
- Buyout
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