EFSH - Mergers and acquisitions

NEW YORK, NY / ACCESSWIRE / April 11, 2024 / From investments to revenue generation, diversification is key to growing a business, and that seems to be true when it comes to ICU Eyewear Holdings Inc., a subsidiary of private equity holding firm 1847 Holdings LLC (AMEX:EFSH). The online purveyor of sunglasses, readers and anti-blue light glasses recently announced it has geographically diversified its manufacturing operations beyond mainland China to now include both the Philippines and a manufacturing partner in the U.S. That's a big deal for ICU Eyewear. It not only gives it more manufacturing might, but the company reports it was able to negotiate favorable pricing with its existing and ne

NEW YORK, NY / ACCESSWIRE / March 20, 2024 / When it comes to successfully spinning off companies, Ellery Roberts knows a thing or two about that. As the Chief Executive of 1847 Holdings LLC. (AMEX:EFSH), the diversified acquisition holding company, he is tasked with finding small businesses to acquire, grow and then either spin off or fold into the portfolio of companies it owns. That strategy seems to already be paying off in the few years since 1847 opened its doors. "We took 1847 Goedeker's public in July 2020 after purchasing it in April 2019 for $6 million. It went public with a valuation of just under $60 million," said Roberts in a recent interview with Benzinga. "After repaying a c

NEW YORK, NY / ACCESSWIRE / March 8, 2024 / In a show of confidence, 1847 Holdings LLC. (NYSE:EFSH) Chief Executive Ellery Roberts recently acquired shares of his company. 1847 is a publicly traded diversified acquisition holding company that invests in small businesses, grows them and either spins them out or folds them into its portfolio of holdings. In a Securities and Exchange Commission filing the company disclosed Roberts purchased 154,364 shares on March 4 for $3.30 per share. Roberts had previously acquired 6,251 shares on January 30 at $1.353 per share. Following the share purchase this week, Roberts now owns 169,648 shares in 1847.When insiders - especially CEOs - buy shares of th

NEW YORK, NY / ACCESSWIRE / February 23, 2024 / Not every investment is going to be a slam dunk, but 1847 Holdings LLC (NYSE:EFSH) seems to have some exits under its belt that prove how enough success can overshadow any losses. The publicly traded diversified acquisition holding company hailing out of New York City acquires small businesses with about $5 million of EBITDA and then deploys resources to strengthen the enterprise and improve operations. All that work can lead to a sale or IPO, often at a much higher valuation than 1847 Holdings paid. In other instances 1847 Holdings will hold on to the asset, contributing to the company's ability to pay regular and special dividends to investor

Completes Unsecured Debt Financing of Approx. $2.8 Million with Two Premier Institutional Investors to Accelerate GrowthNEW YORK, NY / ACCESSWIRE / February 13, 2023 / 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), a unique holding company that combines the attractive attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced that it has completed the acquisition of ICU Eyewear Holdings Inc. ("ICU"), a leading designer of Over-the-Counter (OTC), non-prescription reading glasses, sunglasses, blue light blocking eyewear, sun readers and outdoor specialty sunglasses. ICU was advised on the transaction