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Uovo Acquires Majority Stake In Domaine, The Premier Storage, Advisory And Logistical Firm For Wine Connoisseurs In The U.S.

Apr 17, 2023•over 2 years ago

Acquiring Company

UOVO

Acquired Company

Domaine Worldwide

New YorkNew YorkHospitalitySoftware

Description

UOVO, the leading storage and logistics provider for art and fashion collections, is pleased to announce its acquisition of a majority stake in Domaine. Established in St. Louis, Missouri in 2003, Domaine is widely recognized as the premier wine services firm for serious collectors. The addition of Domaine to UOVO's portfolio of dedicated art and fashion verticals amplifies and expands its suite of bespoke services and resources available to clients spanning all three categories. By acquiring Domaine as well as last year's acquisition of Garde Robe, UOVO is uniquely equipped to manage a diverse array of assets with expertise and flexibility across art, fashion, and wine.

Company Information

Company

UOVO

Location

New York, New York, United States

About

UOVO is more than just storage. It goes beyond the utilitarian to create a unique experience on par with elite hospitality. Operating at a concierge level, UOVO offers comprehensive stewardship of both world class commercial and personal collections at state-of-the-art facilities across the U.S. Spanning three dedicated verticals — Art, Fashion and Wine — UOVO is specifically equipped to manage a diverse array of highly valued inventory. Our suite of services includes maintenance, preservation, archiving, cataloging, shipping, storage and installation, managed through one-to-one personal relationships as well as full digital optimization. UOVO believes in supporting its community through its sustainability program as well as a range of initiatives that invest in next generation artists, designers and vintners.

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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
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Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed