Collectors Holdings, Inc., parent company of PSA, has closed a $125 million revolving line of credit with a syndicate co-led by J.P. Morgan and KeyBanc Capital Markets Inc., with participation by California Bank & Trust. The company says that while it has plenty of money, the move offers “greater flexibility to pursue growth opportunities and execute its strategic … [Read more...] about PSA Parent Company Closes $125 Million Line of Credit
Collectors Holdings
Mint Condition: Goldin Expands Offerings; Collectable and eBay; Arena Club Looks for Niche
Joel Belfer's monthly "Mint Condition" newsletter offers perspectives on the business side of the hobby. Leading Off Over the last few weeks, there have been a couple of big announcements from key companies across the hobby. This edition of Mint Condition will be a ‘quick hitters’ of sorts where I give my take on each of them. Let’s get into it… Goldin … [Read more...] about Mint Condition: Goldin Expands Offerings; Collectable and eBay; Arena Club Looks for Niche
PSA Parent Company Expanding Office Space Again
For the third time in as many years, Collectors Holdings, the parent company of Professional Sports Authenticator (PSA), is expanding the operational footprint at its headquarters in Santa Ana, CA. Collectors has signed a new, 15-year lease at its current location and is taking hold of another 102,000 square feet of office space. The Collectors organization, including … [Read more...] about PSA Parent Company Expanding Office Space Again
Notes: SoCal Breaker Burglarized; PSA Parent Impressing Investors; Leagues Invest in Fanatics; New Fractional Entry
A Southern California-based breaking business was burglarized early Tuesday morning, with thieves carting away cases and boxes of recent sports card products worth thousands of dollars. Mamba Cards says it happened around 3 AM when two people wearing dark clothing and masks smashed their way into the business. High quality surveillance video captured the incident, … [Read more...] about Notes: SoCal Breaker Burglarized; PSA Parent Impressing Investors; Leagues Invest in Fanatics; New Fractional Entry
PSA Set to Expand with Signing of Lease for New East Coast Facility
When Nat Turner stepped into his new role as CEO of PSA’s parent company, he indicated a strong desire to increase the company’s physical presence beyond Southern California and another, smaller office in New Jersey. The first step in that process is now underway. Collectors Holdings and Veris Residential, Inc. owner of an office complex in Jersey City, NJ have signed … [Read more...] about PSA Set to Expand with Signing of Lease for New East Coast Facility
Harinstein Rejoins Turner as Collectors Holdings CFO
Collectors Holdings, Inc., the parent company of PSA, has a new Chief Financial Officer. Jason Harinstein, who held the same job under current Collectors CEO Nat Turner at Flatiron Health, is taking the role. Both are avid collectors. “I’m incredibly excited to join Collectors Holdings, both personally and professionally,” Harinstein remarked. “On the personal … [Read more...] about Harinstein Rejoins Turner as Collectors Holdings CFO
PSA Parent Company Acquires Card Ladder
Card Ladder, an online price guide and analytics platform for popular graded sports cards, launched just 18 months ago, but the young startup has already been acquired by one of the hobby’s largest companies. Collectors Universe, the parent firm of PSA, announced Thursday that it had acquired Card Ladder and will integrate its data. “We’re deeply committed to investing in … [Read more...] about PSA Parent Company Acquires Card Ladder