Live Ventures Announces Appointment of Chief Operating Officer
April 14 2021 - 8:30AM
Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding
company, announced that, effective April 10, 2021, Eric Althofer
joined the company as Chief Operating Officer and Managing Director
for Corporate Finance.
Mr. Althofer, 38, brings to his new
responsibilities more than a decade of experience in capital
markets and M&A transactions. As part of the company’s
continued investment and growth through acquisitions, he will also
oversee the Live Ventures finance department, where his track
record of analyzing transactions will be leveraged.
Jon Isaac, Chief Executive Officer of Live
Ventures, welcomed Althofer to the leadership team: “I’m delighted
that Eric has joined Live Ventures. He is uniquely qualified for
the role and will be a valuable contributor to implementing our
strategic vision. On a personal note, we actually met on opposite
sides of a business negotiation. I was so impressed with Eric's
acuity and talent that I later spoke with him about a role with
us.”
Althofer most recently served as a director of
Capitala Investment Advisors, joining the firm in 2014. His primary
responsibilities included transaction screening, structuring and
due diligence execution. Prior to joining Capitala, Mr.
Althofer spent more than three years in investment banking with
Jefferies LLC, working on more than twenty-five M&A, debt and
equity transactions for consumer and retail companies.
Upon his appointment Althofer said, “I am
excited to join the Live Ventures team and look forward to growing
the company through its proven strategy of acquiring profitable
middle market companies.”
Earlier in his career, Mr. Althofer served for
four years as a strategy and operations consultant with Deloitte
Consulting where he primarily focused on the healthcare and
financial services industries. Althofer graduated cum laude from
Washington University in St. Louis with a degree in Economics and
received his M.B.A., with distinction, from the University of
Michigan Ross School of Business with emphasis in Finance and
Accounting.
About Live VenturesOriginally
incorporated in 1968, Live Ventures Incorporated is a diversified
holding company with several wholly owned subsidiaries and a
strategic focus on acquiring profitable companies that have
demonstrated a strong history of earnings power. Through its
subsidiary Marquis Industries, the company manufactures and sells
residential and commercial carpets primarily in North America.
Marquis Industries also designs, sources and sells hard-surface
flooring. Through its subsidiary Precision Marshall, the company
manufactures and sells steel in four product categories: Deluxe
Alloy Plate, Deluxe Tool Steel Plate, Precision Ground Flat Stock,
and Drill Rod. Through its subsidiary Vintage Stock, an
award-winning entertainment retailer, the company sells new and
pre-owned movies, classic and current generation video games and
systems, music on CD & LP, collectible comics, books, toys, and
more. Vintage Stock, through its stores and website, ships product
worldwide directly to the customer’s doorstep. Through its
subsidiary Precision Industries, the company sells premium tool
steels and specialty alloys. Through its subsidiary ApplianceSmart,
the company sells new major household appliances in the United
States through a company-owned retail store in Columbus, Ohio
operating under the name ApplianceSmart®. All Live Ventures
companies are rooted in their local communities where they
contribute to the local economy and serve as responsible corporate
neighbors.
Contact:Live Ventures IncorporatedTim Matula,
Investor Relations(425)
836-9035tmatula@liveventures.comhttp://liveventures.com
Source: Live Ventures Incorporated
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