Kinetic Acquisition

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.

Kinetic is a highly recognizable and regarded brand name in the production of industrial knives and hardened wear products for the tissue, metals, and wood industries and is known as a one-stop shop for in-house grinding, machining, and heat-treating. Kinetic was founded by the Masters family in 1948 and is headquartered in Greendale, Wisconsin. Kinetic manufactures more than 90 types of knives and numerous associated parts with modifications and customizations available to each. Kinetic employs approximately 100 non-union employees. The company’s website is www.knifemaker.com.

“We are excited to add the Kinetic platform to our growing steel manufacturing segment,” said Jon Isaac, President and CEO of Live Ventures. “We believe Kinetic’s long-tenured family history and culture, combined with its recognized brand name and manufacturing footprint, are a great fit within the Live Ventures model. We look forward to continuing the rich legacy of Kinetic and maintaining its reputation, which comes from 70 plus years of commitment to its customers, employees, and community. We welcome all of the Kinetic employees to the Live Ventures family.”

“We are enthusiastic about this transaction and believe it will be a positive move for our partners and customers and most importantly, for our employees. By joining with Precision Marshall, we expect to accelerate the growth of our business,” commented Cash Masters, President of the Kinetic Co. “We look forward to joining the Live Ventures and Precision Marshall team.”

The acquisition of Kinetic is expected to increase the Company’s steel manufacturing segment’s annual revenues by approximately $20 Million. Kinetic will continue to operate as a standalone business as it has been since 1948.

Taureau Group, LLC and Davis & Kuelthau, s.c. represented The Kinetic Co., Inc. in the transaction.

About Live Ventures
Live Ventures is a growing, diversified holding company with a strategic focus on value-oriented acquisitions of domestic middle-market companies. Live Ventures’ acquisition strategy is sector agnostic and focuses on well-run, closely held businesses with a demonstrated track record of earnings growth and cash flow generation. The Company looks for opportunities to partner with management teams of its acquired businesses to build increased stockholder value through a disciplined buy-build-hold long-term focused strategy. Live Ventures was founded in 1968. In late 2011 Jon Isaac, CEO and strategic investor took over the company and in 2015, refocused it into a diversified holding company. The Company’s current portfolio of diversified operating subsidiaries includes companies in the textile, flooring, tools, steel, entertainment, and financial services industries.

Forward-Looking and Cautionary Statements

The use of the word “company” or “Company” refers to Live Ventures Incorporated and its wholly-owned subsidiaries. This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In accordance with the safe harbor provisions of this Act, statements contained herein that look forward in time that include everything other than historical information, involve risks and uncertainties that may affect the company’s actual results, including statements relating to a potential roll-up strategy and increases in the company’s consolidated revenues. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Live Ventures may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) on Forms 10-K and 10-Q, Current Reports on Form 8-K, in its annual report to stockholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the company, including, but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2021 (available at http://www.sec.gov). Live Ventures undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.

Contact:
Live Ventures Incorporated
Greg Powell, Director of Investor Relations
725.500.5597
gpowell@liveventures.com
www.liveventures.com

Source: Live Ventures Incorporated

Precision Marshall Acquisition

Acquisition of DB&S Steel

Press Release 10-31-19

AMBA Membership

We continue our membership in the American Mold Builders Association to promote our proprietary Marshalloy MQ®and Premium Super S7 MQ®grades.

Visit them at:   https://amba.org/

Electronic Certs Available

To better serve our customers, the plate sales desk in Washington PA, is able to provide you with an uploadable file. We still provide the PDF, but the electronic file saves time and money, because it can be uploaded eliminating data entry time and errors.

Celebrated 70 Year Anniversary

We are pleased to have completed our 70th year. We believe this is a result of our partnerships with our distributors. We have attached the article and ad from our local paper in commemoration.

Electronic Invoicing

Precision Marshall offers the convenience of immediate invoicing via EDI. Rather than mailing and wasting valuable time, we send an electronic file. Or, if you prefer, we email invoices for all our products and can have them on your desk the same day via either option! This enhancement allows you, our valued customers, to invoice your customers the same day your order ships and alerts you it is on its way.

When you can’t find it anywhere else: Count on Precision Marshall for these 5 Hard to find products.

PreMar 410 Stainless Steel Ground Flat Stock Ruetom Special 420 Stainless Steel Ground Flat Stock PreMar 440C Stainless Knife Steel Ground Flat Stock Firechrome H-13 Annealed Ground Flat Stock Firechrome 44 (H-13) Prehardened Drill Rod

  • PreMar 410 Stainless Steel Ground Flat Stock
  • Ruetom Special 420 Stainless Steel Ground Flat Stock
  • PreMar 440C Stainless Knife Steel Ground Flat Stock
  • Firechrome H-13 Annealed Ground Flat Stock
  • Firechrome 44 (H-13) Prehardened Drill Rod

Convenient Chicago Plate Inventory

Precision Marshall Stocks A2, D2 and Marshalloy Standard (4140/42 PreHard) plates at ourBolingbrook, IL National Distribution Center. We are prepared to process any plate orders from Bolingbrook for same day pickups or shipments. BB inventory saves you time and we know how valuable that can be! Please call the plate sales desk at 1-800-537-7528 for more information.

Precision Marshall’s “High Speed Specialties” provides distributors with more options.

Included are: Tool Bit Squares and Flats, Hardened & Ground Rounds and Cut-off Blades Click here for Sizes and List Price

Nationwide Service

www.teamclark.com