Goldline is One of Nation’s Largest Precious Metals Dealers
Santa Monica, Calif. – CIVC Partners, a Chicago based private investment firm, joined with management to acquire Goldline International, Inc. and its subsidiary, Goldline Precious Metals, in a transaction worth over $50,000,000. Goldline helps investors and collectors throughout the United States acquire precious metals, rare coins and other numismatics.
As part of the transaction, key management increased their equity ownership in the Company. CIVC’s investment will provide additional resources for the continued expansion of the Company, while preserving the superior levels of service that Goldline clients have come to expect.
Goldline is one of the largest precious metals trading companies in the United States with over 200 employees. The Company has been serving its clients since 1960. For additional information about Goldline, visit www.goldline.com.
"Management is extremely excited to partner with CIVC. We believe this relationship will allow Goldline to expand its products and services to clients and create new opportunities in the numismatic and collectible fields,"said Mark Albarian, President & CEO of Goldline International, Inc.
"Goldline has grown significantly under the management of Mark and his team, and we are proud to partner with them to continue to deliver the highest standards of customer service and integrity in the industry" said Dan Helle, a partner at CIVC.
About Goldline
Goldline, an industry leader in the precious metal and rare coin field, assists investors and collectors in acquiring physical precious metals, rare coins and rare currency. It offers insured delivery or insured storage through independent, third-party depositories. Goldline traces its corporate history to 1960 and its acquisitions include Deak International Goldline (US) Ltd. from Thomas Cook and Dreyfus Precious Metals, Inc. from the Dreyfus Corporation.
About CIVC
CIVC Partners, a Chicago, IL based firm, manages over $1 billion of private equity capital. With over 35 years of experience in private equity investing, we provide growth and buyout capital to middle-market companies engaged in business services, financial services, and media and communications. For additional information regarding CIVC, visit www.civc.com.
M & A Capital represented the selling shareholders in this transaction. For additional information regarding M&A Capital, visit www.mandacap.com.
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