Live Ventures Acquires Precision Marshall (Precision Industries)
July 15, 2020
Live Ventures Incorporated (Nasdaq: LIVE) acquired Precision Industries, Inc. (d/b/a Precision Marshall), a Washington, Pennsylvania-based maker of premium tool steels and specialty alloys, for approximately $31.5 million in cash. The acquisition — which retains current employees and elevates Thomas Sedlak to CEO — is expected to increase Live Ventures' consolidated revenues by roughly $50 million per year.
- Buyers
- Live Ventures Incorporated
- Targets
- Precision Industries, Inc. (d/b/a Precision Marshall)
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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