NEW YORK CITY, NY / ACCESS Newswire / January 16, 2025 / 1847 Holdings LLC (NYSE:EFSH) ("1847 Holdings" or the "Company") today announced the engagement of Two Roads Advisors, a boutique investment bank specializing in mergers and acquisitions, to manage the sale process for its subsidiary, Wolo Manufacturing Corp. ("Wolo").Wolo is a leading manufacturer and distributor of vehicle horns and safety products, offering a comprehensive range of electric and air horns for trucks, marine vessels, motorcycles, and industrial equipment. The company also provides a broad array of vehicle emergency and safety warning lights for cars, trucks, industrial equipment, and emergency vehicles.The sale of Wol

NEW YORK, NY / ACCESSWIRE / December 31, 2024 / 1847 Holdings LLC (NYSE:EFSH) ("1847 Holdings" or the "Company") today announced that its Board of Directors has declared a special dividend of newly designated Series E Preferred Shares. Each holder of the Company's Common Shares as of the record date of January 10, 2025 will receive one (1) Series E Preferred Share for each Common Share held.Each outstanding Series E Preferred Share will have 1,000,000 votes per share and will vote together with the outstanding Common Shares as a single class exclusively with respect to certain proposals to be presented at an upcoming shareholder meeting. All Series E Preferred Shares that are not voted prior

NEW YORK, NY / ACCESSWIRE / December 31, 2024 / 1847 Holdings LLC (NYSE:EFSH) ("1847 Holdings" or the "Company"), today provided the following letter to shareholders from the Company's CEO, Ellery Roberts:To our valued shareholders,As 2024 draws to a close, I am pleased to reflect on what we view as a transformative year for 1847 Holdings, as we executed a series of strategic initiatives designed to position the Company for sustained growth and maximize shareholder value over the long term.A cornerstone of our growth strategy has been identifying and acquiring businesses that we believe have compelling cash earnings potential at attractive valuations. We strive to consistently target acquisi

Acquisition Adds $33.1 Million in Revenue and $10.4 Million in Net IncomeTransaction Highlights 1847's Proven Business Model and Positions the Company for Sustained Profitability and Strong Cash Flow NEW YORK, NY / ACCESSWIRE / December 17, 2024 / 1847 Holdings LLC (NYSE:EFSH) ("1847 Holdings" or the "Company"), today announced the successful closing of its acquisition of CMD Inc. ("CMD"), a Las Vegas-based cabinetry, millwork and door manufacturer, with trailing twelve-month (TTM) revenues of $33.1 million and net income of $10.4 million as of October 31, 2024. The acquisition was completed for approximately $18.75 million, representing a highly accretive transaction for 1847.Ellery W. Robe

NEW YORK, NY / ACCESSWIRE / December 13, 2024 / 1847 Holdings LLC (NYSE:EFSH) ("1847 Holdings" or the "Company"), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, announced today a private placement for gross proceeds of $11.42 million, prior to deducting placement agent fees and other expenses payable by the Company.The proceeds from the private placement are exclusively intended to fund the previously announced planned acquisition of a millwork, cabinetry, and door manufacturer. As previously reported, the millwork, cabinetry, and door manufacturer, based in Las Vegas, Nevada, had unaudited revenue of $33.1 million

NEW YORK, NY / ACCESSWIRE / November 15, 2024 / 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 further detail on the previously announced, successful sale of High Mountain Door & Trim Inc. ("HMDT"), a division of 1847 Cabinets, to Builders FirstSource, Inc., the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling. The Company reports it completed the sale for approximately $17 million, more than double the orig

NEW YORK, NY / ACCESSWIRE / November 1, 2024 / 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 announced that it will effect a 1-for-15 reverse split ("reverse split") of its common shares that will become effective on November 11, 2024.1847's common shares will continue to trade on NYSE American under the symbol "EFSH" and will begin trading on a split-adjusted basis when the market opens on November 11, 2024. The new CUSIP number for the common shares following the reverse split will be 28252B853. The reverse split will reduce the number of outstanding c

Achieves Approximately 4% Sequential Increase in Revenue for Q2 2024 Compared to Q1 2024Gross profit was $6.7M in Q2 2024 compared to $5.9M in Q2 2023, a 14.2% year-over-year increase NEW YORK, NY / ACCESSWIRE / August 19, 2024 / 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 a business update and reported financial results for the second quarter ended June 30, 2024.Mr. Ellery W. Roberts, CEO of 1847 Holdings, commented, "In Q2 2024, we achieved approximately 4% sequential revenue growth and a 14.2% year-over-year increase in gross profit, highl

NEW YORK, NY / ACCESSWIRE / August 8, 2024 / 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 announced that it has been working with its senior secured lender to sell all or substantially all of the assets of its ICU Eyewear business. On August 5, 2024, the Company received notice from its senior secured lender that a private sale of the assets (constituting the collateral under the lender's loan) occurred on such date pursuant to a bill of sale. As a result of the lender's private sale of all or substantially all of the assets of the ICU Eyewear business

NEW YORK, NY / ACCESSWIRE / July 31, 2024 / 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 status of the proposed sale of a division of 1847 Cabinets Inc.Mr. Ellery W. Roberts, CEO of 1847 Holdings, commented, "We are making progress on the sale of a division of 1847 Cabinets. The financing contingency from the Letter of Intent was recently removed and we anticipate closing the transaction by mid-September 2024. This sale is a key strategic move for 1847, demonstrating our ability to acquire, operate, and enhance the value of as

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8-K - 1847 Holdings LLC (0001599407) (Filer)

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8-K - 1847 Holdings LLC (0001599407) (Filer)

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NEW YORK, NY / ACCESSWIRE / June 21, 2024 / 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, encourages shareholders to vote in the upcoming shareholder meeting.The upcoming 2024 Annual Meeting of Stockholders will be held on June 25, 2024, at 2:00 p.m. Eastern Time. 1847's stockholders at the close of business on the record date of April 26, 2024 are encouraged to vote their shares as soon as possible before 9 a.m. Eastern Time on June 24, 2024. Stockholders can exercise their votes online, via telephone or by mail.The Annual Meeting will be held virtually at h

NEW YORK, NY / ACCESSWIRE / August 11, 2023 / 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), a unique holding company that combines the attractive attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, announced today that it has appointed finance veteran Michele A. Chow-Tai, to its Board of Directors as an independent board member. Ms. Chow-Tai was also appointed to the Audit Committee and the Nominating and Corporate Governance Committee.Ms. Chow-Tai is an experienced professional in global banking and financial services with more than 32 years of industry expertise. For nearly seven years, she has been leadi

NEW YORK, NY / ACCESSWIRE / February 24, 2023 / 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), a unique holding company that combines the attractive attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced that it has appointed Glyn C. Milburn as Vice President of Operations. Additionally, the Company announced that Eric VanDam resigned from his position as Chief Operating Officer to pursue an opportunity closer to where he resides in Michigan and not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.Mr. Milburn has been a member of

NEW YORK CITY, NY / ACCESS Newswire / January 16, 2025 / 1847 Holdings LLC (NYSE:EFSH) ("1847 Holdings" or the "Company") today announced the engagement of Two Roads Advisors, a boutique investment bank specializing in mergers and acquisitions, to manage the sale process for its subsidiary, Wolo Manufacturing Corp. ("Wolo").Wolo is a leading manufacturer and distributor of vehicle horns and safety products, offering a comprehensive range of electric and air horns for trucks, marine vessels, motorcycles, and industrial equipment. The company also provides a broad array of vehicle emergency and safety warning lights for cars, trucks, industrial equipment, and emergency vehicles.The sale of Wol

NEW YORK, NY / ACCESSWIRE / December 31, 2024 / 1847 Holdings LLC (NYSE:EFSH) ("1847 Holdings" or the "Company") today announced that its Board of Directors has declared a special dividend of newly designated Series E Preferred Shares. Each holder of the Company's Common Shares as of the record date of January 10, 2025 will receive one (1) Series E Preferred Share for each Common Share held.Each outstanding Series E Preferred Share will have 1,000,000 votes per share and will vote together with the outstanding Common Shares as a single class exclusively with respect to certain proposals to be presented at an upcoming shareholder meeting. All Series E Preferred Shares that are not voted prior

New York, NY, Dec. 31, 2024 (GLOBE NEWSWIRE) -- Spartan Capital Securities, LLC, a full-service investment banking firm, is proud to announce a series of notable transactions completed in December 2024, further solidifying its reputation as a trusted partner for fast-growing companies across diverse industries. Spartan Capital facilitated a private placement valued at approximately $17 million for Burkhan World Investments. Headquartered in Washington, D.C., and Abu Dhabi, Burkhan blends strategic foresight with societal impact across sectors including telecom, energy, technology, and food security. Under the leadership of founder Shahal Khan, Burkhan continues to advance equity-based ec

NEW YORK, NY / ACCESSWIRE / December 31, 2024 / 1847 Holdings LLC (NYSE:EFSH) ("1847 Holdings" or the "Company"), today provided the following letter to shareholders from the Company's CEO, Ellery Roberts:To our valued shareholders,As 2024 draws to a close, I am pleased to reflect on what we view as a transformative year for 1847 Holdings, as we executed a series of strategic initiatives designed to position the Company for sustained growth and maximize shareholder value over the long term.A cornerstone of our growth strategy has been identifying and acquiring businesses that we believe have compelling cash earnings potential at attractive valuations. We strive to consistently target acquisi

Acquisition Adds $33.1 Million in Revenue and $10.4 Million in Net IncomeTransaction Highlights 1847's Proven Business Model and Positions the Company for Sustained Profitability and Strong Cash Flow NEW YORK, NY / ACCESSWIRE / December 17, 2024 / 1847 Holdings LLC (NYSE:EFSH) ("1847 Holdings" or the "Company"), today announced the successful closing of its acquisition of CMD Inc. ("CMD"), a Las Vegas-based cabinetry, millwork and door manufacturer, with trailing twelve-month (TTM) revenues of $33.1 million and net income of $10.4 million as of October 31, 2024. The acquisition was completed for approximately $18.75 million, representing a highly accretive transaction for 1847.Ellery W. Robe

Source: Spartan Capital Securities, LLC New York, NY, Dec. 16, 2024 (GLOBE NEWSWIRE) --  Spartan Capital Securities, LLC, a leading investment banking firm, is pleased to announce its role as the sole placement agent in 1847 Holdings LLC's (NYSE:EFSH) $11.424 million private placement of units. 1847 Holdings LLC, a diversified acquisition holding company specializing in overlooked, deep-value investment opportunities, raised $11.424 million in gross proceeds through this private placement, prior to deducting placement agent fees and other expenses payable by the Company. The private placement consisted of 42,311,118 units. Each unit comprised one common share and/or a pre-funded warrant

NEW YORK, NY / ACCESSWIRE / December 13, 2024 / 1847 Holdings LLC (NYSE:EFSH) ("1847 Holdings" or the "Company"), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, announced today a private placement for gross proceeds of $11.42 million, prior to deducting placement agent fees and other expenses payable by the Company.The proceeds from the private placement are exclusively intended to fund the previously announced planned acquisition of a millwork, cabinetry, and door manufacturer. As previously reported, the millwork, cabinetry, and door manufacturer, based in Las Vegas, Nevada, had unaudited revenue of $33.1 million

Achieves 6.3% Revenue Growth for the First Nine Months of 2024 Compared to 2023 NEW YORK, NY / ACCESSWIRE / November 19, 2024 / 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 a business update and reported financial results for the third quarter ended September 30, 2024.Q3 2024 Highlights and Subsequent EventsCash and cash equivalents, and restricted cash of $10.2 million as of September 30, 2024Disposition of ICU Eyewear; eliminated $4.8 million of net liabilities from the balance sheetSold High Mountain Door & Trim Inc. ("HMDT"), a division of

NEW YORK, NY / ACCESSWIRE / November 15, 2024 / 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 further detail on the previously announced, successful sale of High Mountain Door & Trim Inc. ("HMDT"), a division of 1847 Cabinets, to Builders FirstSource, Inc., the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling. The Company reports it completed the sale for approximately $17 million, more than double the orig

Purchase price for this transaction is approximately $18.75 millionNEW YORK, NY / ACCESSWIRE / November 6, 2024 / 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 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