Live ventures acquires precision metal works, adding $75 million annual revenue stream

Las vegas, july 24, 2023 (globe newswire) --  live ventures incorporated (nasdaq: live), a diversified holding company (“live ventures” or “company”), announced today that it has acquired precision metal works, inc. (“pmw”), a kentucky-based metal stamping and value-added manufacturing company. pmw was acquired for a total consideration of approximately $28 million, comprised of $25 million cash, with additional consideration of up to $3 million paid in the form of an earn-out. the acquisition involved no issuance of stock of live ventures. the company believes the acquisition will be immediately accretive to earnings.
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