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knifemaker.com

Founded Year

1948

Stage

Acquired | Acquired

Valuation

$0000 

About Kinetic

On June 30th, 2022, Kinetic was acquired by Live Ventures. Kinetic designs and manufactures knives. It was founded in 1948 and is based in Greendale, Wisconsin.

Kinetic Headquarter Location

6775 West Loomis Rd

Greendale, Wisconsin, 53129,

United States

+1-414-425-8221

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Latest Kinetic News

Live Ventures (LIVE) Acquires The Kinetic Co for $26M

Jun 30, 2022

E-mail Address Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here . Live Ventures Incorporated (Nasdaq: LIVE ) 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.

  • When was Kinetic founded?

    Kinetic was founded in 1948.

  • Where is Kinetic's headquarters?

    Kinetic's headquarters is located at 6775 West Loomis Rd, Greendale.

  • What is Kinetic's latest funding round?

    Kinetic's latest funding round is Acquired.

  • Who are the investors of Kinetic?

    Investors of Kinetic include Live Ventures.

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