Tourneau is the largest luxury watch retailer in the U.S. Founded in 1900, the company is based in New York. It operates 28 stores across 10 states, as well as a web site.

European fine watch and jewelry retailer Bucherer has acquired Tourneau LLC from an investor group led by Green Equity Investors IV, an affiliate of private equity firm Leonard Green & Partners LP. The acquisition will allow the Bucherer Group to gain a foothold in the U.S. market.

Jörg G. Bucherer, owner and president of Bucherer, said, “I am very delighted to bring my family’s brand to the United States. This strengthens the leadership of our company and brings the Bucherer name to one of the most important markets in the world.

Tourneau sells timepieces by brands such as Cartier, IWC, Tag Heuer, Rolex, Baume & Mercier and Patek Philippe, as well as its own brand.