WorldTEK Events

New Haven, CT
Investment Amount: undisclosed
Conference and Event Management
Investment Date: October, 2015
“Working with the professionals at CapX was a pleasure. Steve Healey at CapX provided a flexible and creative financing solution to our team, and is an efficient and knowledgeable lender. I know Steve Casley and his team look forward to growing the relationship as we pursue add-on acquisitions and organic growth at WorldTek.” Martin Madden, President, InfoCommerce Partner

INVESTMENT SITUATION

WorldTEK Events, LLC is a conference and event management business providing services for associations, corporations, universities and other clients who choose to outsource their critical meetings. A key customer of the company is a major international transportation association whose members encompass over 80% of the segment they serve. Martin Madden at InfoCommerce Partners contacted CapX Partners to provide capital to support the acquisition by InfoCommerce of WorldTEK Events. Martin Madden and InfoCommerce were specifically looking for acquisition financing, and CapX provided a term loan to help close the transaction and position the Company for ongoing growth.

THE CAPX SOLUTION

CapX recognized WorldTEK’s proven track record in the field of event services and appreciated the Company’s solid relationships with key clients. We also recognized the strength of the management team led by CEO, Steve Casley. We believe Steve Casley and his team are well positioned to expand existing relationships as well as add new ones, with considerable opportunities for growth across the platform.

“We are excited to work with an experienced team in Martin Madden and Steve Casley and look forward to expanding our relationship with WorldTEK in the future.” – Stephen Healey, Managing Director, CapX Partners