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Tribune News Service
Tribune News Service
Business
Lorraine Mirabella

Changing hands: 23-year-old entrepreneur takes over luxury watch brand from Under Armour founder Kevin Plank

Kevin Plank Under Armour George Thomas Montblanc Constellation Energy Exelon Johns Hopkins University

For Spencer Shattuck, it started with the Montblanc pens that his father would bring home from board meetings.

Shattuck began collecting luxury writing utensils at age 11, at first from his father Mayo A. Shattuck III, CEO of Constellation Energy before its 2012 merger with Exelon. That led to a fascination with high-end timepieces.

Now 23, Shattuck has parlayed his hobby into a business, becoming the latest owner of Towson Watch Co., the luxury watch brand founded in 2000 by watchmakers Hartwig Balke and George Thomas. Shattuck purchased the watchmaking company last year for an undisclosed amount from a venture capital firm owned by Under Armour founder Kevin Plank, a longtime family friend. Sagamore Ventures bought into the company in 2016.

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