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Linea Marketing Group Receives $2.6 M Investment Led by Covington Fund II
March 8th, 2006 No comments
Covington Group of Funds announced it has completed a $2.6 million investment in Linea Marketing Group Inc.
Linea is a designer and distributor of home dcor products to more than 10,000 retailers across North America. Linea was established in 1995. The Company’s widespread client base includes major retailers such as HBC, Sears, Black Photo Corporation, Costco, Hallmark, Target.com, Bombay Company, Canadian Tire Corporation and Bed, Bath & Beyond. Linea continues to expand its distribution network to include major department stores, drug, grocery, gift, and photo specialty retailers.
“Covington looks for strong, proven, management teams and Linea’s management team, having built a multi-million dollar company, have clearly demonstrated that they know what it takes to be successful,” states Matthew Hall, Investment Manager, Covington Capital. Linea’s management team is lead by founders Mel Pointer and Lynn Burkart. Mel and Lynn have over 25 years of industry experience as well as established relationships and contacts that are integral to success in this market.
Covington believes Linea is well established to continue to build its market share and solidify their leadership position within this vast market sector with an established brand and pioneering products. Linea is an excellent example of the type of strong, later-stage traditional industry investment that Covington Fund II targets.
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