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New Deal


Announced

Completed

Live Ventures completed the acquisition of Flooring Liquidators for $84m.

Financials

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Transaction Value£68m
Consideration TypeLoan Notes, Cash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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flooring

United States

Private

Single Bidder

Acquisition

carpeting

Completed

Majority

carpet retailer

Household Equipment and Products

Domestic

Friendly

Synopsis

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Live Ventures, a diversified holding company, completed the acquisition of Flooring Liquidators, a retailer and installer of floors, carpets, and countertops to consumers, builders and contractors in California and Nevada, for $84m. "We are thrilled to add Flooring Liquidators to our family of companies. And we welcome all employees of Flooring Liquidators to the Live Ventures family. This is the kind of company we love—run by a visionary founder, staffed by talented people, and providing products and services that individuals and businesses want and need. It fits perfectly within our existing operation and our ‘buy-build-hold’ strategy. We expect the acquisition to increase our overall revenues by approximately 50%, or about $125m per year, and grow in the coming years," Jon Isaac, Live Ventures President and CEO.

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