Live Ventures (via Precision Marshall) Acquires The Kinetic Co., Inc.

Live Ventures Incorporated (Nasdaq: LIVE), through its subsidiary Precision Marshall, acquired all outstanding stock of The Kinetic Co., Inc., a 74-year-old industrial knife and wear-product manufacturer based in Greendale, Wisconsin, in a transaction valued at approximately $26 million. The deal was financed with a mix of third-party bank and seller debt, a sale-leaseback of real estate, and cash; Kinetic (≈100 employees) will operate as a standalone business and is expected to add roughly $20 million of annual revenue to Live Ventures' steel manufacturing segment.