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A-Mark/JM Bullion Finalizes the Acquisition of BGASC

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The direct to consumer division of A-Mark Precious Metals, JM Bullion, finalized the acquisition of competitor BGASC on October 25, 2022.

Established in 2012, BGASC had more than 120,000 customers and more than $200 million in annual revenue.

BGASC’s assets include the website, domain name, trademarks, logos, customer list, and all intellectual property. JMB will continue to operate BGASC as a standalone brand and recently launched an updated website and a plethora of new product offerings.

This is similar to other direct to consumer acquisitions including Silver.com and ProvidentMetals.com.

Some new products include a line of custom branded 1 oz silver rounds and bars adorned with the BGASC logo.

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JM Bullion Acquired by A-Mark Precious Metals

FindBullionPrices.com

Precious Metals conglomerate A-Mark has announced that they will purchase online retailer JM Bullion. The acquisition follows a long time partnership between the two companies that dates back to A-Mark’s initial investment in JM Bullion in 2014.

In 2014 A-Mark acquired a non-controlling 20.5% stake in JM Bullion. The new deal will put the remaining 79.5% of the company under the A-Mark umbrella. The purchase price for the remaining 79.5% of JM Bullion is valued at $138.5 million dollars and includes $103.7 million in cash, plus $34.6 million in A-Mark stock.

JM Bullion co-founder and CEO Michael Whittmeyer will remain as CEO of JM Bullion. He will also join the A-Mark board of directors and assume the title of Execute VP of A-Mark’s Direct Sales line of business.

In addition to JM Bullion, A-Mark also owns several other direct to consumer precious metals businesses such as Goldline Inc and Silvertowne Mint.

The full press release can be found here.