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Live Ventures acquiring ApplianceSmart

Published 01/08/2018, 09:42 AM
Updated 01/08/2018, 09:42 AM
© Reuters.  Live Ventures acquiring ApplianceSmart

© Reuters. Live Ventures acquiring ApplianceSmart

  • Live Ventures (LIVE +1.4%) has set a deal to acquire ApplianceSmart, a chain selling and servicing appliances with annual revenues of $65M.
  • The company has 17 stores across Minnesota, Ohio, Texas and Georgia.
  • Live Ventures accordingly expects annual revenues to rise 42% due to the acquisition. It's expecting synergies due to opportunities for its other subsidiaries (including Vintage Stock) to expand into new markets.
  • Now read: Sohu Valuation Enhanced By Successful Sogou IPO And Potential Changyou Privatization


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