1847 Holdings Moves Forward with $27.6M Sale of 1847 Cabinets to Strategic Buyer
Portfolio Pulse from Benzinga Newsdesk
1847 Holdings LLC (EFSH) is advancing the sale of its subsidiary, 1847 Cabinets Inc., to a strategic buyer for $27.6 million, including $11.5 million in earn-out payments over three years. This sale, based on a 5.91x multiple of 2023 EBITDA ($4.7 million), is moving through due diligence with an expected close within 90 days.
April 29, 2024 | 12:08 pm
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POSITIVE IMPACT
1847 Holdings LLC is nearing the completion of a significant sale of 1847 Cabinets for $27.6 million, a move that could positively impact its financials and stock price.
The sale of 1847 Cabinets represents a significant transaction for 1847 Holdings, potentially leading to a positive reevaluation of the company's stock by investors. The sale price, based on a 5.91x multiple of 2023 EBITDA, indicates a strong valuation for the subsidiary, which could reflect positively on EFSH's financial health and investor sentiment. The inclusion of earn-out payments suggests confidence in the ongoing performance of 1847 Cabinets, further underlining the potential for this sale to be viewed positively by the market.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100