1847 Executes Letter of Intent to Sell 1847 Cabinets Inc. for $27.6 Million [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 ("LOI") with a prospective strategic buyer to sell all assets of 1847 Cabinets Inc. Under the terms of the LOI, the buyer has proposed an enterprise value of $27.6 million for the acquisition of all assets of 1847 Cabinets Inc., representing a 5.91x multiple of 2023 EBITDA of approximately $4.7 million. The proposed acquisition deal is subject to the negotiation and entry into a definitive purchase agreement and the satisfaction or waiver of customary closing conditions. Mr. Ellery W. Roberts, CEO of 1847 Holdings, commented, "The decision to sell 1847 Cabinets Inc. stems from our commitment to maximizing shareholder value and strategically reallocating resources to capitalize on emerging opportunities within our portfolio. While the sale represents a significant milestone, it is just one facet of our broader strategy aimed at op
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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 MillionAccesswire
- First Quarter In The Bag: A Look At All The Milestones 1847 Holdings Hit So Far This Year [Yahoo! Finance]Yahoo! Finance
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