1847 Provides Further Detail on Previously Completed Sale of High Mountain Door & Trim Division

1847 Holdings LLC (“1847” or the “Company”), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, provided further detail on the previously announced, successful sale of High Mountain Door & Trim Inc. (“HMDT”), a division of 1847 Cabinets, to Builders FirstSource, Inc., the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling. The Company reports it completed the sale for approximately $17 million, more than double the original purchase price.

Based in Reno, Nevada, and founded in 2014, HMDT specializes in finished carpentry products and services. The sale agreement includes a working capital adjustment and other standard terms. 1847 plans to reinvest part of the proceeds to continue its strategy of identifying, operating, and selling undervalued assets.

Mr. Ellery W. Roberts, CEO of 1847 Holdings, commented, “This transaction is a key milestone for 1847, exemplifying our model of enhancing asset value prior to sale. The capital generated will reinforce our financial foundation, support new growth initiatives, and enable potential acquisitions that align with our value creation strategy. The fact we sold this business for $17 million further highlights the significant disparity between the market valuation of 1847 and the true value of our portfolio, underscoring 1847 as a compelling investment opportunity.”

For the trailing twelve months ended September 30, 2024, HMDT recorded preliminary unaudited revenue of approximately $30.0 million, net loss of approximately $2.3 million and Adjusted EBITDA of approximately $2.8 million.

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About 1847 Holdings LLC

1847 Holdings LLC (NYSE American:EFSH), a publicly traded diversified acquisition holding company, was founded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue, and Principal of Lazard Freres Strategic Realty Investors. 1847 Holdings’ investment thesis is that capital market inefficiencies have left the founders and/or stakeholders of many small business enterprises or lower-middle market businesses with limited exit options despite the intrinsic value of their business. Given this dynamic, 1847 Holdings can consistently acquire businesses it views as “solid” for reasonable multiples of cash flow and then deploy resources to strengthen the infrastructure and systems of those businesses in order to improve operations. These improvements may lead to a sale or IPO of an operating subsidiary at higher valuations than the purchase price and/or alternatively, an operating subsidiary may be held in perpetuity and contribute to 1847 Holdings’ ability to pay regular and special dividends to shareholders. For more information, visit www.1847holdings.com.

Contact:

Crescendo Communications, LLC – EFSH@crescendo-ir.com – (212) 671-1020

Source: 1847 Holdings, LLC