Wormald International, LLC, a subsidiary company of New York based investment firm Evergreen Capital announces the acquisition of leading Australian fire protection brand Wormald from global fire and security company Tyco. The acquisition has resulted in a new local management team as well as the brand’s return to being a dedicated fire business.
Observing that Wormald has a long and proud history of delivering specialised fire expertise across Australia, newly appointed Chief Executive Officer, Andrew Lee says the sale presents an exciting opportunity for the business to return to its roots and benefit from a less centralised and more flexible business structure.
He looks forward to driving the business forward with a renewed focus on regional-based decision-making to provide their customers with the trusted, local service on which Wormald has built its name for more than 125 years in Australia.
He adds that Wormald is committed to ensuring a smooth transition, with minimal impact on their operations and customers.
Evergreen Capital has two decades of financial, operational and investment experience spanning a broad set of industries, including fire protection, alarm systems, logistics and processing, technical outsourcing, steel fasteners and engineered products, chemicals and plastics, real estate and telecommunications. In addition to Wormald Australia, Evergreen also acquired the National Fire Solutions, GAAM Emergency Products, Exelgard and Simplex Time Solutions businesses from Tyco.
Image: Andrew Lee, Chief Executive Officer (left) and Chris O’Sullivan, Chief Financial Officer (right), Wormald