Wellington Financial Named to PROFIT 100 Ranking for 2nd Consecutive Year
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TORONTO, June 1 /PRNewswire-FirstCall/ - Wellington Financial LP ("Wellington
Financial"), a privately held specialty finance firm offering a variety of
venture debt products, announced today that it has been recognized as the 17th
Fastest-Growing Company in PROFIT magazine's 21st annual PROFIT 100. Ranking
Canada's Fastest-Growing companies by five-year revenue growth, the PROFIT 100
profiles the country's most successful growth companies. Published in the June
issue of PROFIT and online at PROFIT100.com, the PROFIT 100 is Canada's
largest annual celebration of entrepreneurial achievement.
"We are delighted to make the PROFIT 100 list for the second consecutive
year," said Mark McQueen, President and Chief Executive Officer of Wellington
Financial. "Even during a deep recession, our True Growth Capital(TM)
financing model is a highly attractive method to finance a growth company."
"The PROFIT 100 are an inspiration to entrepreneurs at all stages of growth,
from startup to major corporation," says Ian Portsmouth, editor of PROFIT.
"Their business practices and product innovations are exemplary of how
businesses can succeed in uncertain times."
Wellington Financial is currently managing a $450 million investment program
via Wellington Financial Fund III. Since Fund III began operation in September
2006, Wellington Financial has led more than $165 million of transactions,
making it the most active fund of its kind in Canada.
About Wellington Financial LP
Wellington Financial LP is a privately held specialty finance firm providing
operating lines of credit, term, venture and amortizing loans up to $40
million. Wellington Financial LP is currently deploying a $450 million
investment program via its third fund. Wellington Financial LP is managed by a
partnership controlled by fund management and Clairvest Group Inc. (CVG: TSX),
who jointly have contributed a large financial stake to Fund III. Limited
partners include several of Canada's largest institutional investors, crown
corporations, financial institutions and pension funds. Please visit the fund
website at www.wellingtonfund.com, or the Wellington Financial team blog at
www.wellingtonfund.com/blog.
About PROFIT Magazine
PROFIT: Your Guide to Business Success, is Canada's preeminent publication
dedicated to the management issues and opportunities facing small and
mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a
vast array of economic sectors have remained loyal to PROFIT because it's a
timely and reliable source of actionable information that helps them increase
their revenues, boost their profitability and get the recognition they deserve
for generating positive economic and social change. Visit PROFIT online at
http://www.PROFITmagazine.ca.
SOURCE Wellington Financial LP
Amy Olah, Marketing Manager, Wellington Financial LP, Tel: (416) 682-6002,
aolah@wellingtonfund.com
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