We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
LONGMONT – Left Hand Studios LLC, a manufacturer and distributor of fashion jewelry based in Longmont, has been acquired by San Diego-based Succession Capital Inc., a subsidiary of Lynx Equity Limited.
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Financial terms of the deal that was announced Monday by Succession Capital were not disclosed.
Left Hand Studios, doing business as Sienna Sky Jewelry, markets its earrings and necklaces through two product lines, Sienna Sky and the Adajio Collection. The company offers more than 650 different designs, which are sold through retailers online and at stores.
Artist Barbara MacCambridge founded Left Hand Studios in 1999, according to documents filed with the Secretary of State’s office. She could not be reached Monday for comment.
“We are confident that Sienna Sky will continue to be a market leader and look forward to working with its team,” Mathew Burpee, Lynx Equity’s vice president – Western Canada, said in a prepared statement.
Left Hand Studios is Succession’s second acquisition this month, and joins the group’s portfolio of more than 35 companies including jewelry manufacturers JewelPop and H.J. Sherman. Lynx/Succession acquires small- to medium-size businesses throughout Canada and the United States from owners looking to retire, according to the statement. Succession Capital targets transactions between $2 million and $8 million and uses a buy and hold strategy.