TUMI offers its products and services across the U.S. through retail agents and brokers. Stephen Standing, a principal of TUMI, joins Worldwide Facilities as executive vice president where he will continue to manage and lead his team.
According to Worldwide Facilities, the transaction represents a significant expansion of footprint for the company in the transportation and underwriting management space, where Trinity has extensive demonstrated expertise. It broadens the markets and products available to the retail brokers and agents served by Worldwide Facilities as well as the underwriting opportunities for Worldwide Facilities’ markets.
Worldwide Facilities is a national wholesale insurance broker and managing general agent providing expertise and products in a wide range of specialty lines.
In 2015, Worldwide Facilities received an investment from Lovell Minnick Partners, a private equity firm specializing in investing in financial and related business services.