Private investment firm CIVC Partners joined with management to acquire precious metal dealer Goldline International, Inc. and its subsidiary, Goldline Precious Metals, in a transaction worth over $50 million.
As part of the transaction, key management increased their equity ownership in the company. CIVC's investment will provide additional resources for the expansion of the company.Goldline, which helps investors and collectors acquire precious metals, rare coins and other numismatics, has over 200 employees. The company has been serving its clients since 1960.
According to Mark Albarian, President & CEO of Goldline International, "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."
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