Revamping Spaces: 1847 Holdings Acquires Top Cabinetry and Millwork Door Company
Acquisition Adds $33.1 Million in Revenue and $10.4 Million in Net Income
Transaction Highlights
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.
Revamping spaces has never been easier with 1847 Holdings’ recent acquisition of CMD Inc. This strategic move not only adds significant revenue and net income to the company’s portfolio but also solidifies 1847’s position as a leader in the cabinetry and millwork industry. With CMD’s expertise and established presence in the market, 1847 is poised for sustained profitability and strong cash flow in the coming years.
The synergy between 1847 Holdings and CMD is evident in the financial success of the transaction. By combining forces, both companies are able to capitalize on their respective strengths and create a powerhouse in the cabinetry and millwork sector. Customers can expect a seamless transition as CMD becomes part of the 1847 family, with enhanced product offerings and top-notch customer service.
With this acquisition, 1847 Holdings is not only revamping physical spaces with high-quality cabinetry and millwork but also reshaping the industry as a whole. The company’s proven business model, coupled with CMD’s expertise, sets a new standard for excellence in craftsmanship and design. Whether you’re a homeowner looking to renovate your kitchen or a developer in need of custom millwork solutions, 1847 Holdings now offers a one-stop shop for all your cabinetry and millwork needs.
How This Acquisition Will Affect You
As a consumer, this acquisition means access to a wider range of top-quality cabinetry and millwork products. With 1847 Holdings’ commitment to excellence and innovation, you can expect elevated design options and superior craftsmanship for all your remodeling projects. The seamless integration of CMD into the 1847 family ensures a smooth transition for customers, with enhanced service offerings and competitive pricing.
How This Acquisition Will Affect the World
On a larger scale, this acquisition sets a new benchmark for sustainability and efficiency in the cabinetry and millwork industry. By combining resources and expertise, 1847 Holdings and CMD can lead the way in eco-friendly practices and cutting-edge technologies. This not only benefits customers with greener products but also establishes a new standard for responsible manufacturing practices within the industry.
Conclusion
Revamping spaces has taken on a whole new meaning with 1847 Holdings’ acquisition of CMD Inc. This strategic move not only adds significant revenue and net income to the company but also paves the way for innovation and sustainability in the cabinetry and millwork industry. As a consumer, you can look forward to a wider range of high-quality products and superior service offerings. On a global scale, this acquisition signifies a shift towards greener practices and responsible manufacturing, setting a new standard for the industry as a whole.
