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On March 9, 2025, Kramer Levin client A-Mark Precious Metals, Inc. (“A-Mark”) announced that it has entered into a definitive agreement to acquire the 90% of AMS Holding LLC (“AMS”) not owned by A-Mark. AMS operates the flagship brand GOVMINT where a team of over 150 dedicated sales representatives works with customers to assemble collections of vintage and modern coins. A-Mark has agreed to pay $50 million in cash to acquire the remaining 90% of AMS stock and up to an additional $9 million in cash based upon the achievement of performance benchmarks in calendar 2025 and 2026. Selling shareholders may receive up to an additional $3 million in cash based upon the achievement of financial targets when certain identified inventory is sold.
Key contacts
Colin Bumby
Partner, New York
Abbe L. Dienstag
Counsel, New York
Scott S. Rosenblum
Counsel, New York
Yasmeen Al-Bader
Associate, New York
Austin Manes
Special Counsel, Privacy Counsel, Silicon Valley
Marissa J. Holob
Partner, Head of Executive Compensation and Employee Benefits, US, New York
Avram J. Cahn
Special Counsel, New York
Robert N. Holtzman
Partner, New York