A-Mark To Acquire LPM Group Limited, From AMS For Total Upfront Consideration Of $41.5M, Representing A-Mark's Expansion Into Asia
Portfolio Pulse from Benzinga Newsdesk
A-Mark Precious Metals, Inc. (AMRK) plans to acquire LPM Group Limited from AMS Holding, LLC for $41.5M, marking its expansion into Asia. The deal includes a mix of cash and AMRK stock, with additional performance-based payments. LPM, a major precious metals dealer in Asia, will benefit from A-Mark's resources and e-commerce expertise. Additionally, A-Mark affiliate Pinehurst Coin Exchange will acquire assets from ModernCoinMart for $5.5M, and a joint venture will invest in AMS Holdings. The transactions aim to enhance A-Mark's global presence and product offerings.
February 06, 2024 | 1:08 pm
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A-Mark's acquisition of LPM Group and the asset purchase by Pinehurst Coin Exchange, along with strategic investment in AMS Holdings, signify a significant expansion into Asia and the enhancement of its product offerings and global customer base.
The acquisition of LPM Group, a major player in Asia's precious metals market, directly aligns with A-Mark's strategic goals for expansion and diversification. The investment in AMS Holdings and the asset purchase from ModernCoinMart by Pinehurst, an A-Mark affiliate, further solidify A-Mark's position in the market. These moves are likely to be viewed positively by investors, given the potential for increased market share, revenue growth, and enhanced global presence.
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