Latitude 27 Capital Acquires JK Jewelry, Inc. (JK Findings)
May 7, 2020
Latitude 27 Capital, LLC has acquired the assets of JK Jewelry, Inc. (dba JK Findings), a 45-year-old designer, manufacturer and wholesaler of jewelry findings headquartered in Rochester, New York. Founder and CEO John Kaupp will retire as CEO but remain an equity investor and board member, and long-time CFO/COO Joni Lucas will succeed him as CEO. Debt financing for the purchase was provided by TCF Capital Funding and Route 2 Capital Partners.
- Buyers
- Latitude 27 Capital, LLC
- Targets
- JK Jewelry, Inc. (dba JK Findings)
- Sellers
- JK Jewelry, Inc.
- Industry
- Manufacturing
- Location
- New York, United States
- Transaction Type
- Buyout
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