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Wormald Acquisition Finalised

Posted on : Wednesday, 3 February 2016

On the 4th of December 2015, Tyco entered into an agreement to sell the Wormald Australian fire business to Wormald International, LLC ("Wormald"), a newly established subsidiary of Evergreen Capital, L.P. This sale has now been officially completed.

 

Wormald in Australia is now being led by Andrew Lee Chief Executive Officer, and a number of existing key Wormald personnel. Wormald is committed to to being a dedicated fire business that is focused on delivering the specialised fire expertise it is renowned for. The business will also benefit from a less centralised and more flexible business structure, with regional based decision making driving the business forward.

 

In addition to the purchase of Wormald Australia, Evergreen has also acquired the National Fire Solutions, GAAM Emergency Products, Exelgard and Simplex Time Solutions businesses from Tyco.

 

Tyco and Evergreen have a longstanding relationship globally and locally as a result of the sale of Armourguard in New Zealand and the fire and security operations in Fiji two years ago. Evergreen is genuinely excited to include Wormald's longstanding global brand in its portfolio.

 

FPA Australia congratulates Wormald on this important transition and we look forward to the continued strong growth of the business and its involvement and support of the fire protection industry and the Association.