Live Ventures Acquires Precision Metal Works, Adding $75 Million Annual Revenue Stream
07/24/23, 12:32 PM
Location
las vegasIndustry
venture capital
Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company (“Live Ventures” or “Company”), announced today that it has acquired Precision Metal Works, Inc. (“PMW”), a Kentucky-based Metal Stamping and Value-Added Manufacturing Company. PMW was acquired for a total consideration of approximately $28 million, comprised of $25 million cash, with additional consideration of up to $3 million paid in the form of an earn-out. The acquisition involved no issuance of stock of Live Ventures. The Company believes the acquisition will be immediately accretive to earnings.
Company Info
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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