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Live Ventures Announces Acquisition Of Flooring Liquidators, Inc. For $84 Million

Live Ventures Announces Acquisition Of Flooring Liquidators, Inc. For $84 Million

01/19/23, 1:07 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svglas vegas
Industry
venture capital
Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company (“Live Ventures”), has acquired the outstanding equity interests of Flooring Liquidators, Inc., a leading retailer and installer of floors, carpets, and countertops to consumers, builders and contractors in California and Nevada (“Flooring Liquidators”). The transaction, valued at approximately $84 million, was financed through a combination of cash, debt, including a $5 million note from Isaac Capital Group1, and the issuance of 116,441 shares of our common stock, representing a 3.78% dilution of Live Ventures’ fully diluted common stock.

Company Info

Company
Live Ventures
Location
Las Vegas, Nevada, United States
Company info
Live Ventures Incorporated is a diversified holding company with a strategic focus on value-oriented acquisitions of domestic middle-market companies. Its acquisition strategy is sector agnostic and focuses on well-run, closely held businesses with a demonstrated track record of earnings growth and cash flow generation. The Company's current portfolio of diversified operating subsidiaries includes companies in the textile, flooring, tools, steel, and entertainment industries.

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