Stout Advises on Sale of Precision Industries to Live Ventures
Stout announced today that Precision Industries, Inc. (“Precision Marshall”), has been acquired by Live Ventures, Inc. (Nasdaq:LIVE). Stout served as exclusive financial advisor to Precision Marshall in connection with this transaction.
Founded in 1948 and headquartered in Washington, PA, Precision Marshall is a leading value-add supplier of prefinished tool steel and alloy plate, ground flat stock, and drill rod to distributors across the globe. The company transforms plate and sheet into specialty steels for the automotive, appliance, aerospace and defense, and other manufacturing industries. Precision Marshall is known for its quick turnaround of top-quality products and steadfast commitment to providing independent metal service centers and industrial suppliers with the most robust product portfolio available.
“Stout brought an impressive mix of insight, guidance, and industry knowledge to our sale process, and we are very pleased with the outcome of this transaction,” said Precision Marshall President and CEO Jack Milhollan.
“Over the past 72 years, Precision Marshall’s unwavering dedication to superior quality, service and customer satisfaction solidified its reputation as ‘The Deluxe Company’ for tool steel and specialty alloys," added Chris Merley, Managing Director and Head of Stout’s Metals practice. “It was a pleasure to work with the Precision Marshall team on this transaction, in which we were able to tap our deep metals industry expertise to achieve an excellent result for our client.”
Stout’s Nick Jachim, Christopher Merley, and Tyler Skarstein executed the transaction.
Clark Hill PLC served as the legal advisor and deal counsel to Precision Marshall.