Live Ventures Acquires Flooring Liquidators for $84 million
January 19, 2023
Live Ventures Incorporated (Nasdaq: LIVE) acquired Flooring Liquidators, Inc. and related subsidiaries for approximately $84 million in a transaction financed with cash, debt (including a $5 million note from Isaac Capital Group) and stock. The Modesto, California-based retailer and installer—operating 20 warehouse-format stores and retaining all ~625 employees—will remain managed by its existing team as Live Ventures expects the deal to materially increase revenues.
- Buyers
- Live Ventures Incorporated
- Targets
- Flooring Liquidators, Inc., Floorable, LLC, K2L Leasing, LLC, SJ &K Equipment, Inc.
- Industry
- Building Products
- Location
- California, United States
- Transaction Type
- Buyout
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