DANVERS, Mass., Dec. 1, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Infocommerce Partners Holdings, LLC ("ICP") acquired the assets of WorldTek Events, LLC on October 29, 2015 in New Haven, CT. WorldTek Events provides comprehensive contracted events services to associations, universities, trade groups and other customers around the world. The Company has a significant presence in the aviation market and expects to expand their event and travel management services to other critical business segments both through acquisition and organic growth.
Steve Casley has been appointed CEO of the Company, and Martin Madden, President of Infocommerce Partners, has been appointed chairman. Joining the board of managers are Alan Glass and Russell Perkins, Managing Directors of Infocommerce, along with Doug Knight, CEO of Oenok. Acquisition financing was obtained from CapX Partners of Chicago along with a group of private investors. Stephen Healey, Managing Director of CapX's Boston office, originated the transaction.
"WorldTek Events is a growing and profitable services provider with a strong and committed management team well known to ICP," stated Mr. Madden, "We are very excited about the prospects for future growth for the Company."
About Infocommerce Partners
Infocommerce Partners Holdings, LLC works exclusively with profitable growing B2B services companies. We identify and lead proprietary private equity investment opportunities in the B2B industry. We create an economic partnership with owners, founders and management to provide aligned equity-based incentives for management ownership and long-term commitment. We serve as active board members and focus on development and implementation of growth strategies.
About CapX Partners
Founded in 1999, CapX Partners is a specialty finance company that focuses on private equity and venture backed portfolio companies looking for debt financing in the $2-$20 million range. For more information on CapX, visit http://www.capxpartners.com
Steve Casley can be reached at 203-773-6404 or by email to: steven.casley(at)worldtek(dot)com
Martin Madden can be reached at 978-750-1315 or by email to: mmadden(at)infocommercepartners(dot)com
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