Houlihan Lokey Advises Asset Marketing Services

Houlihan Lokey is pleased to announce that LPM Group Limited (LPM) and ModernCoinMart (MCM), subsidiaries of Asset Marketing Services Holding, LLC (AMS), have been acquired by A-Mark Precious Metals (NASDAQ:AMRK) and its affiliates. They also made a minority investment in AMS as part of the deal. The transaction closed on February 26, 2024.

Founded in 1984, AMS is the leading U.S. platform for collectible coins. AMS was acquired by Stone Arch Capital (SAC) in 2009, and The Grange acquired a majority stake from SAC in 2012. In 2015, AMS acquired MCM, one of the fastest-growing coin dealers in the U.S. that ships to many international destinations. In 2018, AMS acquired LPM, one of Asia’s largest precious metals dealers. These divestitures enable AMS to focus on the core capabilities they deliver best: connecting collectors to exciting and meaningful products.

A-Mark Precious Metals (A-Mark), founded in 1965, is a leading one-stop shop for all things precious metals. It offers a vast array of gold, silver, platinum, palladium, and copper products—including bullion, numismatic coins, and related items—catering to both wholesale and retail customers through various channels. Its reach extends to sovereign mints, industrial users, investors, collectors, and more. A-Mark operates through three segments: Wholesale Sales & Ancillary Services, which distributes and purchases precious metals globally; Direct-to-Consumer with its e-commerce platforms like JM Bullion and Goldline; and Secured Lending through its subsidiary Collateral Finance Corporation. With a global presence and diverse offerings, A-Mark aims to be the ultimate resource for all precious metals needs.

This transaction underscores Houlihan Lokey’s deep expertise in specialty retail and e-commerce.

Houlihan Lokey served as the exclusive financial advisor to AMS.

RELATED: Retail, Financial Sponsors Coverage