- Live Ventures ( NASDAQ: LIVE ) has acquired Modesto, California-based Flooring Liquidators for ~$84M.
- The transaction was financed through a combination of cash, debt, including a $5M note from Isaac Capital Group, and the issuance of 116,441 shares of common stock, representing a 3.78% dilution of Live Ventures' ( LIVE ) fully diluted common stock.
- Founded in 1997, Flooring Liquidators provides floor, cabinets, countertops, and installation services in California and Nevada, operating 20 warehouse-format stores and a design center. As part of the deal, Live Ventures ( LIVE ) will retain Flooring Liquidators' existing management team and all 625 employees and contractors.
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Live Ventures acquires Flooring Liquidators for ~$84M