About the Transaction
|The seller, J.K. Jewelry, Inc. d/b/a/ JK Findings, headquartered in Rochester, New York with offices in Hong Kong, is a leading manufacturer of precious metal findings. Mr. John Kaupp founded the business in 1975 as a wholesale distributor of Italian gold chains, selling to retailers. Over time, Mr. Kaupp, along with his talented management team, including COO/CFO Ms. Joni Lucas, transformed the business from a domestic distributor to a leading global manufacturer of high-quality jewelry findings. The Company’s brand is an industry leader, delivering a wide selection of high-quality merchandise at competitive prices while providing exceptional service.
The buyer, Latitude 27 Capital, is a private equity firm that acquires or invests in dynamic small and middle-market companies. With a strong competitive position in a niche market, attractive growth opportunities, and a talented management team, JK is a perfect fit with Latitude 27 Capital’s investment criteria.
Paramax Corporation is a FINRA-registered investment banking firm focused on advising companies and shareholders in sell-side M&A transactions to strategic buyers at after-tax optimized prices. Paramax, has locations in both Williamsville, NY and Rochester, NY, and an International reach through its partnership in Globalscope Partners Ltd., a group of international corporate finance and business advisors operating globally to support M&A transactions.