H2 Equity Partners is pleased to announce that portfolio company Cadogan Tate has completed the strategic acquisition of Wetzel & Sons Inc. (“Wetzel”), a Los Angeles based premium fine art storage and logistics specialist. Since its foundation in 1976 by Daniel Wetzel, the business has built a strong reputation serving high-end interior designers, architects, museum, galleries, collectors and wealthy individuals across its three sites in Northern Los Angeles.
Completed in November 2020, the acquisition strategically enhances Cadogan Tate’s presence in the US market, which now generates over 60% of the group’s revenue, while adding scale to one of the Group’s fastest growing locations, Los Angeles. Following completion, Cadogan Tate will work closely with management to leverage Wetzel’s strong brand and repeat customer base, accelerate growth and expand the service offering.
Speaking of the news, CEO of Cadogan Tate, Duncan Orange said: “The acquisition is a great fit, Wetzel are a truly customer orientated business who put the client’s needs at the forefront of their thinking. This can be seen in the relationships that they have managed and nurtured for over 30 years. Like Cadogan Tate, these customers stick with Wetzel because of the personal touch afforded to each and every one of their customers and the ongoing commitment to service excellence”.