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
Location
California, United States
Transaction Type
Buyout

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