- Live Ventures ( NASDAQ: LIVE ) through its existing subsidiary, Precision Marshall has acquired all of the outstanding stock of Wisconsin-based The Kinetic Co. at ~$26M.
- Kinetic is a highly recognizable and regarded brand name in the production of industrial knives and hardened wear products for the tissue, metals, and wood industries and is known as a one-stop shop for in-house grinding, machining, and heat-treating.
- The addition is expected to increase the company’s steel manufacturing segment’s annual revenues by ~$20M.
- Kinetic will continue to operate as a standalone business as it has been since 1948.
- The deal was financed with a combination of third-party bank and seller debt, a sale-leaseback of real estate, and cash from Live Ventures.
For further details see:
Live Ventures acquired The Kinetic at $26M