Succession Capital has acquired H.J. Sherman Company, a designer, manufacturer and distributor of religious gifts and jewelry.
“H.J. Sherman is a household name in the religious gifts industry. That takes decades to build, and they’ve done it the right way,” said Succession’s Managing Partner Nathaniel Broughton. “We’re honored to be able to join in continuing the Sherman legacy. The company has remained a major player by focusing on service and innovation in its products, while always carrying the staples. Expect that to continue.”
H.J. Sherman is a designer, manufacturer and distributor of religious gifts and jewelry. The company sells its products through non-company retail stores and other qualified resellers. H.J. Sherman has been family-owned since its founding in 1948 and is based in Van Nuys, CA (www.hjsherman.com).
Succession Capital, a subsidiary of Lynx Equity Limited, seeks to acquire small to medium-sized businesses from owners looking to retire. Succession targets transactions requiring between $2 million and $8 million of equity. H.J. Sherman is Succession Capital’s and Lynx’s 10th acquisition of 2014 and joins the group’s portfolio of over thirty-five companies including jewelry manufacturer JewelPop (www.jewelpop.com). Succession Capital is based in La Jolla, CA (www.succession-capital.com).
2014 PEPD • Private Equity’s Leading News Magazine • 7-23-14