News

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

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.

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."

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.