Alohma Holdings LLC and Madvapes Holdings LLC have merged to form AMV Holdings LLC, a vaping company. No financial terms were disclosed. Madvapes was backed by Meriturn Partners LLC and Panorama Point Partners LLC.
MOORESVILLE, N.C., June 29, 2017 /PRNewswire/ — Alohma Holdings, LLC and Madvapes Holdings, LLC have merged to form AMV Holdings LLC (AMV) one of the largest independent companies in the vaping industry. This merger combines the strong retail, manufacturing, and distribution organizations and increases our geographic presence to include eleven states (NC, SC, GA, VA, MA, TX, NH, NJ, NE, KS, IA) as well as Germany, the United Kingdom, and Ireland.
The combined organization is focused on providing consumers with the best selection, service, and quality. The scale of the combined operations enables us to increase our investment in quality assurance, science, and regulatory efforts adding both depth and scale to our team. The merger also allows AMV to leverage its AMESA certified e-liquid production facility.
AMV has plans for additional growth through organic footprint development, acquisitions, as well as, continuing its best-in-class franchising growth.
The combined company will be led by Chairman Mark Kehaya, President Sam Salaymeh, CFO Ronan Kennedy, and Chief Technical Officer Mark Hoogendoorn.
“We are excited about the new opportunities for the company and for career development for our employees. This merger gives us the scale to continue to develop a strong science and regulatory infrastructure and allows us to work closely with the FDA as they implement the pending regulatory framework. Sam and the Alohma team help add great retail leadership and experience to our organization,” says Mark Kehaya.
“I am excited for Alohma to be teaming up with the Madvapes family. Madvapes is an industry stalwart and brings a wealth of experience and resources. We are committed to building an international footprint dedicated to providing consumers with quality vapor products, education, and the best service and support,” says Sam Salaymeh.
AMV Holdings, LLC
With portions dating back to 2009, AMV Holdings, LLC roots are founded in a several entrepreneurs, in Mooresville/Wilmington North Carolina and Omaha, Nebraska, who wanted to share their personal positive experience of vaping with others.
Since 2014, Madvapes has been backed by two investment firms Meriturn Partners, LLC and Panorama Point Partners, LLC. In the 3 years since their investment, the platform has grown from 10 stores in eastern North Carolina to a global platform that is one of the leaders in the vaping industry.
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Panorama Point Partners
Panorama is an Omaha-based boutique private equity firm that targets investments in under-the-radar private equity opportunities in small and mid-sized businesses, with promising growth characteristics often driven by powerful meta-trends or changes in market structures and talented, aligned managers. Panorama is backed by some of the world’s top family groups, who have created market leading businesses over generations.