Live Ventures Incorporated (NasdaqCM:LIVE) entered into a stock purchase agreement to acquire Precision Metal Works, Inc. for $28 million on July 19, 2023. Precision Metal Works was acquired for a total consideration of approximately $28 million, comprised of $25 million cash, plus closing cash, and subject to working capital adjustments, with additional consideration of up to $3 million paid in the form of an earn-out. The purchase price was funded in part by a $2.5 million seller note, borrowings under a credit facility of $14.4 million, and proceeds under a sale-lease back transaction of $8.6 million. As part of the acquisition, Live Ventures will retain PMW?s existing management team and all its employees. The acquisition will be immediately accretive to earnings of Live Ventures. Invision Capital Advisors, LLC and Focus Capital Advisors, Inc. acted as the financial advisers to Precision Metal Works.

Live Ventures Incorporated (NasdaqCM:LIVE) completed the acquisition of Precision Metal Works, Inc. on July 20, 2023.