1847 Holdings Acquires ICU Eyewear Holdings Inc.
February 13, 2023
1847 Holdings LLC (NYSE American: EFSH) completed the acquisition of ICU Eyewear Holdings Inc., a designer and supplier of OTC reading glasses, sunglasses and specialty eyewear headquartered in Hollister, California. Total consideration was $4.5 million (approximately $4.0M cash plus $0.5M unsecured subordinated promissory notes); 1847 also closed ~$2.8M of unsecured debt financing with two institutional investors to support growth.
- Buyers
- 1847 Holdings LLC
- Targets
- ICU Eyewear Holdings Inc.
- Industry
- Consumer Products
- Location
- California, United States
- Transaction Type
- Buyout
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