Investment firm acquires Robbins Bros

MajorsJan 26, 2014

Investment firm acquires Robbins Bros

California retailer Robbins Brothers confirmed last week that the company has been sold to private equity firm Comvest Investment Partners. 

New York--California retailer Robbins Brothers confirmed last week that the company has been sold to private equity firm Comvest Investment Partners.

The Azusa, Calif.-based retailer currently operates 14 stores throughout southern California, Texas and Washington state. The investment will include capital for Robbins Brothers’ brand expansion and development strategies, the company said.

According to a release, Comvest was attracted to the company’s “unique, differentiated business model that provides an unparalleled selection and unique experience for the bridal shopper.”

Financial terms of the deal were not disclosed.

Previously, Boston-based investment firm Weston Presidio owned Robbins Brothers.

“I am delighted to have Comvest as our new investors,” said Andy Heyneman, Robbins Brothers president and CEO. “They further solidify our growth plans by bringing not just capital, but a level of commitment, retail expertise and growth experience that will help us to continue to build a great company and expand our ability to deliver unparalleled experiences for bridal and engagement ring customers.”

Tom Clark, managing director at Comvest Partners, said “We are extremely excited about our investment in (the company). Robbins Brothers has built a great brand, has an incredibly strong team of people and is a truly differentiated concept. We look forward to working with management to build on the company’s success.” 

Michelle Graffis the editor-in-chief at National Jeweler, directing the publication’s coverage both online and in print.

The Latest

CollectionsJan 21, 2022
Piece of the Week: Emily P. Wheeler’s Heart Necklace

It’s a whimsical update to a classic riviere.

SourcingJan 21, 2022
Stephen Lussier to Retire After 37 Years With De Beers

Tiffany executive Mark Jacheet will succeed Lussier, who officially steps down in April.

Recorded WebinarsJan 21, 2022
Watch: What the Industry Can Expect for Tucson 2022

National Jeweler chats with three colored stone dealers on recent buying activity and what that could mean for the upcoming gem shows.

Brought to you by
Melee the Show Launches Tucson Event, Returns to New York in 2022

The boutique tradeshow, happening first in Tucson then New York City, brings together upscale designers from around the world.

SourcingJan 21, 2022
HK Designs Named ‘Great Place to Work’

The Indian jewelry manufacturer joins Signet Jewelers, Target, and other companies who earned the certification.

Weekly QuizJan 21, 2022
This Week’s Quiz
Test your knowledge of the latest jewelry news with this quick test.
Take the Quiz
FinancialsJan 20, 2022
Signet Raises Guidance After Strong Holiday Sales

The jewelry giant’s holiday season revenue was up 30 percent year-over-year.

SourcingJan 20, 2022
Tara Pearls Is Ready to Unveil Its ‘Most Significant Acquisition’

With a retail price tag of $1 million, the special pearl will be unveiled at the upcoming Centurion show.

Brought to you by
Rare & Forever Can Help You Tell A New Story At The Counter And Close More Sales!

A.I. technology is revolutionizing the jewelry business through more accurate and consistent diamond grading.

FinancialsJan 20, 2022
Jewelry Sales Jump 38% in Q3 for Richemont

Cartier, Van Cleef & Arpels and Buccellati were top performers for the luxury conglomerate over the key holiday season.