A-Mark Precious Metals Acquires Stack’s Bowers Galleries
A-Mark Precious Metals adds a numismatic powerhouse to its portfolio with the acquisition of Stack’s Bowers Galleries.
On Monday, Feb. 3, 2025, Stack’s Bowers Galleries (SBG) released a letter from CEO Greg Roberts, President Brian Kendrella, and CFO Andrew Glassman announcing that it had entered a merger agreement to be acquired by A-Mark Precious Metals.
A press release from A-Mark Precious Metals, Inc. reads, “A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a leading fully integrated precious metals platform, has entered into a definitive agreement to acquire 100 percent of the stock of Spectrum Group International, Inc., the parent of Stack’s Bowers Galleries.”
The letter from SBG assured that the auctioneer would continue to work as a standalone, but the merger with A-Mark will provide them “with the resources and scale to accelerate growth and enhance the services….” The letter continues, “Going forward, our leadership team will remain in place, ensuring that Stack’s Bowers Galleries continues to operate seamlessly with the same dedicated numismatists and employees you have come to know and trust. Your experience with Stack’s Bowers Galleries will remain uninterrupted, and we look forward to serving you with even greater capabilities.”
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