1847 Holdings LLC EFSH

Industrials Conglomerates

1847 Holdings LLC is an acquisition holding company focused on acquiring and managing a group of small businesses. The Company operates through four segments: Retail and Appliances, Retail and Eyewear, Construction and Automotive Supplies. The Retail and Appliances Segment provides laundry, refrigeration, cooking, dishwashers, outdoor, accessories, parts, and other appliance related products, and services. The Retail and Eyewear Segment provides a variety of eyewear products, such as non-prescription reading glasses, sunglasses, blue light blocking eyewear, sun readers, and others. The Construction Segment provides finished carpentry products and services, including door frames, base boards, crown molding, cabinetry, bathroom sinks and cabinets, bookcases, built-in closets, fireplace mantles, windows, and custom design and build of cabinetry and countertops. The Automotive Supplies Segment provides horn and safety products, and vehicle emergency and safety warning lights.

NYSEAM:EFSH - Post by User

1847 Holdings LLC

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Post by Iseneschalon Nov 06, 2024 8:43am

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Post# 36298429

EFSH..... LoL NR....remember RS eff 11/11/24

This will just bury you with "high priced paper".....JMHO

1847 Holdings Signs Definitive Agreement to Purchase Commercial Cabinet, Door & Millwork Manufacturer with Unaudited Trailing Twelve-Month (TTM) Net Income of $10.4 Million

2024-11-06 05:33 ET - News Release

Purchase price for this transaction is approximately $18.75 million

NEW YORK, NY / ACCESSWIRE / November 6, 2024 / 1847 Holdings LLC ("1847" or the "Company") (NYSE American:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today announced it has executed a definitive agreement to acquire the previously announced millwork, cabinetry, and door manufacturer based in Las Vegas, Nevada (the "Target").

The Target reported unaudited revenue of $29.4 million and approximately $5.7 million in net income for the year ended December 31, 2023. The Target also reported unaudited revenue of $33.1 million and net income of $10.4 million for the trailing twelve months ended September 30, 2024. The purchase price for this transaction is approximately $18.75 million, and the acquisition is expected to close on or before December 3, 2024.

Ellery Roberts, CEO of 1847 Holdings, commented: "This acquisition marks a major turning point for 1847. It aligns perfectly with our criteria for a target company, with strong historical revenue growth and profitability, whereby we believe we can leverage our holding company model and management expertise to further accelerate its growth. With the recent completion of our $11.1 million public offering, as well as the elimination of $4.2 million of debt from the sale of ICU Eyewear, we have significantly enhanced our balance sheet. Moving forward, we anticipate this acquisition will greatly enhance our profitability and contribute significant cash flow, eliminating the need to raise capital for the foreseeable future and creating a foundation to drive long-term value for shareholders."

Senior Mergers & Acquisitions Advisor Tim Canale with Sunbelt Business Advisors was the exclusive advisor to the Seller for this transaction.

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