1847 Holdings to Acquire a Commercial Cabinet, Door & Millwork Manufacturer with Revenues of $28.6 Million and $5.2 Million of EBITDA in 2023 [Yahoo! Finance]
1847 Holdings LLC (EFSH)
NASDAQ:AMEX Investor Relations:
1847holdings.com/investor-faq
Company Research
Source: Yahoo! Finance
identifying over-looked, deep value investment opportunities in middle market businesses, today announced the execution of a non-binding Letter of Intent to acquire a large, established millwork, cabinetry and door manufacturer based in Las Vegas, NV. The Las Vegas-based target generated approximately $28.6 million in revenues (unaudited), approximately $4.5 million in net income (unaudited) and approximately $5.2 million in adjusted EBITDA (unaudited) in 2023 and currently has almost a year's worth of contracted backlog booked for 2024. The purchase price for this transaction is $16.75 million and is expected to be completed during the third quarter of 2024, subject to the negotiation and entry into a definitive purchase agreement and the satisfaction or waiver of customary closing conditions. The proposed acquisition carries a purchase price of 3.2x 2023 EBITDA, and the Company expects to finance the entire transaction using debt. "This is a very attractive acquisition for our C
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EFSH
News
- 1847 Provides Update on the Sale of 1847 Cabinets Inc. [Yahoo! Finance]Yahoo! Finance
- 1847 Provides Update on the Sale of 1847 Cabinets Inc. Accesswire
- 1847 Holdings Signs Letter of Intent to Buy Leader in Millwork, Cabinetry and Door Manufacturing, Expands Its Presence in Growing Market Accesswire
- 1847 Executes Letter of Intent to Sell 1847 Cabinets Inc. for $27.6 Million [Yahoo! Finance]Yahoo! Finance
- 1847 Executes Letter of Intent to Sell 1847 Cabinets Inc. for $27.6 MillionAccesswire
EFSH
Sec Filings
- 4/29/24 - Form DEF
- 4/29/24 - Form DEFA14A
- 4/25/24 - Form 10-K
- EFSH's page on the SEC website