1847 Holdings Moves Forward with $27.6M Sale of 1847 Cabinets to Strategic Buyer

1847 Holdings LLC -1.92%

1847 Holdings LLC




 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today provided an update on the sale of 1847 Cabinets Inc.

As previously announced on April 23, 2024, the Company executed a non-binding Letter of Intent ("LOI") with a prospective strategic buyer to sell all of the assets of 1847 Cabinets Inc. ("1847 Cabinets"). Under the terms of the LOI, the buyer has proposed an enterprise value of $27.6 million for the acquisition of all of the assets of 1847 Cabinets, including $11.5 million in earn-out payments over a three-year period, representing a 5.91x multiple of 2023 EBITDA of approximately $4.7 million. The transaction continues to progress through routine due diligence and the Company currently expects the transaction to close within the next 90 days.

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