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Worldwide is latest 'search fund' acquisition deal

February 3, 2016Martha Entwistle

NEW YORK—The purchase of Worldwide Security by Novidam Capital Partners is the latest example of a “search fund” acquisition deal, a specialized finance model that brings entrepreneurs into the security industry.Worldwide, an $8.2 million full-service security company, was acquired by Novidam Capital, a search fund, last month.Former Worldwide CEO Ken Mara is retiring and Novidam's Alexander Schuil is now CEO of the company, which has been renamed Worldwide Security Group.“In...

Alexander Schuil, Henry Edmonds, Joe Cestra, search fund deal, Security Systems News, The Edmonds Group, Worldwide Security Group

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