Precision Marshall Steel acquired by Las Vegas-based Live Ventures

PITTSBURGH — Las Vegas-based Live Ventures Inc. acquired Washington, PA-based Precision Marshall Steel for $31.5 million, according to a news release. 

Tom Sedlak, formerly senior vice president of Precision Marshall Steel, will now serve as CEO of the company. He said the new owner intends to keep the local management team and staff intact and retain all employees. 

The companies anticipate the deal will increase Live Ventures’ revenue by about $50 million annually, according to the release. 

Read more in the Pittsburgh Business Times.

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