Announced
Completed
Financials
Tags
flooring
United States
Private
Single Bidder
Acquisition
carpeting
Completed
Majority
carpet retailer
Household Equipment and Products
Domestic
Friendly
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.