A-Mark Precious Metals Direct-To-Consumer Subsidiary Jm Bullion Acquires Assets Of Bullionmax
Jun 16, 2023•about 2 years ago
Acquiring Company
JM Bullion
Acquired Company
BullionMax
Description
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, today announced that its wholly-owned subsidiary, JM Bullion, Inc. (“JMB”) has acquired certain assets of BullionMax, LP (“BullionMax”), an established online precious metals dealer.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed