Quality Gold Acquires HERCO Jewelry Company
January 19, 2023
Quality Gold, Inc. signed a definitive agreement to acquire HERCO Jewelry Company, a family-owned wholesale jeweler based in San Francisco that generated more than $25 million in revenue in fiscal 2022. The purchase expands Quality Gold's higher-end 18K and platinum product offerings and broadens its distribution network; Herco's founder Reuven Itelman is retiring and JD Merit served as exclusive financial advisor.
- Buyers
- Quality Gold, Inc.
- Targets
- HERCO Jewelry Company, Herco Inc.
- Sellers
- Reuven Itelman / Itelman family
- Industry
- Consumer Products
- Location
- California, United States
- Transaction Type
- Buyout
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