Live Ventures Acquires Precision Metal Works
July 24, 2023
Live Ventures Incorporated (Nasdaq: LIVE) acquired Precision Metal Works, Inc., a Louisville, Kentucky-based metal stamping and value-added manufacturer, for approximately $28 million, including up to $3 million in earn-out consideration. The acquisition adds roughly $75 million in annual revenue, brings approximately 250 employees into Live Ventures’ steel/manufacturing segment, and is expected to be immediately accretive while providing synergies and growth capital to pursue electric vehicle and other end-market opportunities.
- Buyers
- Live Ventures Incorporated
- Targets
- Precision Metal Works, Inc.
- Industry
- Manufacturing
- Location
- Kentucky, United States
- Transaction Type
- Buyout
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