Houlihan Lokey Advises AMS Holding

Houlihan Lokey is pleased to announce that AMS Holding, LLC (AMS), the leading U.S. platform for collectible coins, has been acquired by A-Mark Precious Metals, Inc. (A-Mark) (NASDAQ:AMRK) and its affiliates. The transaction closed on April 1, 2025.

Founded in 1984, AMS is the market leader in collectible coins, serving customers nationwide through a robust omnichannel platform. AMS offers a comprehensive assortment across U.S. and world coins, bullion, commemoratives, and other numismatic products. The company is known for its deep sourcing capabilities, strong vendor relationships, and longstanding reputation for quality and service. AMS was acquired by Stone Arch Capital (SAC) in 2009, and The Grange acquired a majority stake from SAC in 2012.

In 2024, A-Mark acquired Modern Coin Mart and LPM Group Ltd. from AMS and acquired a 10% equity stake in the remaining AMS platform. This transaction represents the second and final phase of the AMS sale, with A-Mark acquiring the remaining interest in the business. As a result, SAC and The Grange have now fully realized their investment in AMS following a successful multi-year ownership period.

A-Mark has supplied bullion and related products to AMS for more than a decade and continues to expand its global presence across wholesale, direct-to-consumer, and specialty retail channels.

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: Consumer, Financial Sponsors Coverage, Corporate Finance, Mergers & Acquisitions