Acquisition Adds $33.1 Million in Revenue and $10.4 Million in Net Income
Transaction 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 American: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.
This strategic acquisition not only adds significant revenue and net income to 1847 Holdings, but also highlights the company’s proven business model. By acquiring CMD Inc., 1847 is expanding its portfolio and strengthening its position in the market. This move positions the company for sustained profitability and strong cash flow in the future.
Impact on Individuals:
As an individual, this acquisition could potentially lead to new job opportunities within 1847 Holdings and its newly acquired subsidiary CMD Inc. With the company’s growth and increased revenue, there may be openings for various positions at different levels. Additionally, shareholders of 1847 Holdings may see the benefits of increased profitability and cash flow reflected in potential dividends or stock price appreciation.
Impact on the World:
On a larger scale, this acquisition showcases the thriving business environment and economic growth in the cabinetry, millwork, and door manufacturing industry. The success of 1847 Holdings in acquiring CMD Inc. demonstrates the company’s ability to adapt to market changes and make strategic decisions that not only benefit the organization but also contribute to the overall growth of the industry.
Conclusion:
The acquisition of CMD Inc. by 1847 Holdings marks a significant milestone for the company, adding substantial revenue and net income while reaffirming its strong business model. This strategic move positions 1847 for long-term profitability and success, benefiting both individuals through potential job opportunities and shareholders through increased value. On a larger scale, the acquisition reflects positively on the industry, showcasing growth and adaptation to market dynamics.
