1847 Strikes Definitive Deal to Buy Residential Cabinetry, Door Manufacturer for Nearly $19 Million

MT Newswires Live11-06

1847 Holdings (EFSH) advanced early on Wednesday after announcing a definitive agreement to acquire a cabinetry and residential door manufacturer operating in Las Vegas, Nevada, for about $18.8 million.

The middle-markets private equity firm did not provide the name of the acquired millwork and cabinetry firm.

The buyers said the target company generated a $10.4 million profit on around $33.1 million in revenue during the 12 months ended Sept. 30, adding the deal is expected to produce "significant" cash flow and eliminate the need for 1847 to raise capital for the foreseeable future.

1847 shares were up more than 8% in recent mid-morning trade.

Price: 0.26, Change: +0.02, Percent Change: +8.07

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481934669?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-06 23:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481934669","market":"us","top_or_hot":-1,"title":"1847 Strikes Definitive Deal to Buy Residential Cabinetry, Door Manufacturer for Nearly $19 Million","media":"MT Newswires Live","content":"<html><body><p> 1847 Holdings (EFSH) advanced early on Wednesday after announcing a definitive agreement to acquire a cabinetry and residential door manufacturer operating in Las Vegas, Nevada, for about $18.8 million.</p><p>The middle-markets private equity firm did not provide the name of the acquired millwork and cabinetry firm.</p><p>The buyers said the target company generated a $10.4 million profit on around $33.1 million in revenue during the 12 months ended Sept. 30, adding the deal is expected to produce \"significant\" cash flow and eliminate the need for 1847 to raise capital for the foreseeable future.</p><p>1847 shares were up more than 8% in recent mid-morning trade.</p><p>Price: 0.26, Change: +0.02, Percent Change: +8.07</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>1847 Strikes Definitive Deal to Buy Residential Cabinetry, Door Manufacturer for Nearly $19 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n1847 Strikes Definitive Deal to Buy Residential Cabinetry, Door Manufacturer for Nearly $19 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1847 Holdings (EFSH) advanced early on Wednesday after announcing a definitive agreement to acquire a cabinetry and residential door manufacturer operating in Las Vegas, Nevada, for about $18.8 ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4590","symbol_name":"PTP","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2481934669","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481934669","pubTimestamp":1730906855,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"1847 Holdings  advanced early on Wednesday after announcing a definitive agreement to acquire a cabinetry and residential door manufacturer operating in Las Vegas, Nevada, for about $18.8 million.The middle-markets private equity firm did not provide the name of the acquired millwork and cabinetry firm.The buyers said the target company generated a $10.4 million profit on around $33.1 million in revenue during the 12 months ended Sept. 30, adding the deal is expected to produce \"significant\" cash flow and eliminate the need for 1847 to raise capital for the foreseeable future.1847 shares were up more than 8% in recent mid-morning trade.Price: 0.26, Change: +0.02, Percent Change: +8.07","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4590":"PTP","BK4206":"工业集团企业","EFSH":"1847 Holdings LLC"},"translate_title":"1847达成最终协议，以近1900万美元收购住宅橱柜和门制造商","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EFSH":0.9},"content_text":"1847 Holdings (EFSH) advanced early on Wednesday after announcing a definitive agreement to acquire a cabinetry and residential door manufacturer operating in Las Vegas, Nevada, for about $18.8 million.The middle-markets private equity firm did not provide the name of the acquired millwork and cabinetry firm.The buyers said the target company generated a $10.4 million profit on around $33.1 million in revenue during the 12 months ended Sept. 30, adding the deal is expected to produce \"significant\" cash flow and eliminate the need for 1847 to raise capital for the foreseeable future.1847 shares were up more than 8% in recent mid-morning trade.Price: 0.26, Change: +0.02, Percent Change: +8.07","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481934669"}