1847 Holdings Signs Definitive Agreement to Purchase Commercial Cabinet, Door & Millwork Manufacturer with Unaudited Trailing Twelve-Month (TTM) Net Income of $10.4 Million
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1847 Holdings LLC (NYSE American:EFSH) has signed a definitive agreement to acquire a commercial cabinet, door, and millwork manufacturer based in Las Vegas for approximately $18.75 million. The target company reported unaudited trailing twelve-month net income of $10.4 million and revenue of $29.4 million for 2023.
November 06, 2024 | 1:45 pm
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1847 Holdings LLC is acquiring a Las Vegas-based manufacturer for $18.75 million. The acquisition could enhance 1847's portfolio with the target's $10.4 million TTM net income and $29.4 million revenue.
The acquisition is likely to positively impact 1847 Holdings' financials by adding a profitable company with significant revenue to its portfolio. The purchase price of $18.75 million for a company with $10.4 million in TTM net income suggests a favorable deal, potentially leading to a positive short-term stock price movement.
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IMPORTANCE 80
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