Live ventures announces acquisition of the kinetic co., inc.

Las vegas, june 30, 2022 (globe newswire) -- live ventures incorporated (nasdaq: live), (“live ventures” or the “company”), a diversified holding company, today announced that through its existing subsidiary, precision marshall, it has acquired all of the outstanding stock of the kinetic co., inc. (“kinetic”), a 74-year-old, wisconsin-based company. the transaction, valued at approximately $26 million, was financed with a combination of third-party bank and seller debt, a sale-leaseback of real estate, and cash from live ventures.
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