D.A. Davidson Acts as Buy-Side Advisor to A-Mark Precious Metals on its Acquisition of LPM Group Limited from AMS Holding
April 17 2024 - 2:57PM
Business Wire
D.A. Davidson & Co. announced today that it served as
buy-side advisor to A-Mark Precious Metals, Inc. (“A-Mark or “The
Company) (Nasdaq: AMRK), a fully integrated precious metals
platform, on its acquisition of LPM Group Limited (LPM), one of
Asia’s largest precious metals dealers from AMS Holding, LLC.
Further, a joint venture consisting of A-Mark, Pinehurst, and
Stack’s Bowers Numismatics, an affiliate of A-Mark, acquired a
common equity interest in AMS equivalent to 10% of the total, fully
diluted common equity interests in AMS.
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D.A. Davidson Acts as Buy-Side Advisor to
A-Mark Precious Metals on its Acquisition of LPM Group Limited from
AMS Holding (Graphic: Business Wire)
Founded in 1965, A-Mark Precious Metals, Inc. is a leading fully
integrated precious metals platform that offers an array of gold,
silver, platinum, palladium, and copper bullion, numismatic coins,
and related products to wholesale and retail customers via a
portfolio of channels. The company conducts its operations through
three complementary segments: Wholesale Sales & Ancillary
Services, Direct-to-Consumer, and Secured Lending. The company’s
global customer base spans sovereign and private mints,
manufacturers and fabricators, refiners, dealers, financial
institutions, industrial users, investors, collectors, e-commerce
customers, and other retail customers.
“Acquiring LPM is an important step in growing A-Mark’s
international presence, specifically in Asia,” said A-Mark CEO Greg
Roberts. “Having established a relationship with AMS through
supplier agreements, the timing was opportune to integrate LPM into
our portfolio and extend A-Mark’s global reach. With access to
A-Mark’s inventory and resources, we expect that LPM will be able
to secure larger purchase orders while providing customers with a
broader set of product offerings. Our strategy is to expand LPM’s
direct-to-consumer business through our proven e-commerce
expertise, while offering its global customer base a broader
portfolio of products and ancillary services such as storage and
fulfillment.”
D.A. Davidson’s Consumer Group has a reputation for its depth of
industry knowledge, breadth of capabilities, and tenacity of its
senior professionals. Offering sector-specific expertise through a
full-service platform, the team provides M&A, strategic
advisory, and equity capital markets capabilities across several
subsectors, including active and outdoor; apparel, footwear,
accessories & specialty retail; consumer & services;
eCommerce & marketplaces; and food & beverage. Together
with its European strategic partner, MCF Corporate Finance, D.A.
Davidson originates and executes transatlantic M&A transactions
under the brand of D.A. Davidson MCF International.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services
firm offering a range of financial services and advice to
individuals, corporations, institutions, and municipalities
nationwide. Founded in 1935 with corporate headquarters in Great
Falls, Montana, and regional headquarters in Denver, Los Angeles,
New York, Omaha and Seattle, the company has approximately 1,600
employees and offices in 29 states.
Subsidiaries include: D.A. Davidson & Co., a full-service
investment firm providing wealth management, investment banking,
equity and fixed income capital markets services, and advice;
Davidson Investment Advisors, a professional asset management firm;
and D.A. Davidson Trust Company, a trust and wealth management
company.
For more information, visit dadavidson.com.
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Deal Team Contacts Joe Schimmelpfennig, Managing Director
| Irvine | jschim@dadco.com Danny Friedman, Managing Director |
Irvine | dfriedman@dadco.com Austin Black, Vice President | Irvine
| ablack@dadco.com Jonathan Lee, Associate | Irvine |
jonathanlee@dadco.com
Media Contact Emily Roy Prosek for D.A. Davidson (646)
818-9232 eroy@prosek.com