WORLEY sold a majority interest to Seaport Capital & Advantage Capital Management
WORLEY provides property and casualty claims assessment services. It manages catastrophic loss caseloads related to tornadoes, hail storms, and hurricane landfalls, man-made environmental disasters, such as chemical and petroleum spills, plane crashes, and refinery explosions.
Triangle was engaged as exclusive advisor to the WORLEY founders to restructure WORLEY and achieve a variety of goals.
Triangle conducted a process whereby certain WORLEY family members were cashed out, and others increased their stakes in partnership with a private equity firm. Triangle also introduced the buyers to additional equity and senior debt financing sources, Seaport Capital & Advantage Capital Management.