Worldwide Facilities, a portfolio company of Lovell Minnick Partners, agreed to acquire Sloan Mason Insurance Services, a wholesale insurance broker specializing in the energy sector. Founder and president Paul Mason will join Worldwide Facilities, along with his team, as executive vice president.
Worldwide Facilities, a national wholesale brokerage and managing general agency, today announced an agreement to acquire Sloan Mason Insurance Services, a wholesale insurance broker specializing in coverage placements for the energy and energy related businesses. Paul Mason and his team will join Worldwide Facilities.
This acquisition represents a significant expansion of Worldwide Facilities’ footprint in the energy space, where Sloan Mason has extensive contacts and specialized knowledge. It will also broaden the markets and products available to the retail brokers and agents served by Worldwide Facilities.
“Sloan Mason’s specialized business model and industry verticals match well with our growing specialty product practice groups. Paul built a great business, and we are very pleased to have him and his team join our organization” said Davis Moore, Chief Executive Officer of Worldwide Facilities.
Mason, who founded Sloan Mason in 2001 and has served as its President, brings extensive expertise in placing commercial insurance for retail insurance agents and brokers in the areas of energy and environmental. He will assume a leadership position as Executive Vice President with Worldwide Facilities in the new San Diego office.
“On behalf of my team, we are excited to become part of the expanding brand Worldwide Facilities has created. With technical and market expertise in our specialty areas, we know we will be a great asset to the organization and are excited to capitalize on the opportunities,” says Mason.
In 2015, Worldwide Facilities received an investment from Lovell Minnick Partners, a private equity firm specializing in investing in financial and related business services.
About Worldwide Facilities, LLC
Worldwide Facilities is a national wholesale insurance broker and managing general agent that has been in business since 1970. Our seasoned brokers and underwriters are industry leaders in providing expertise in a wide range of specialty lines, and offer extensive contacts with carriers domestically and overseas.