1847 Holdings / 1847 Cabinet Acquires High Mountain Door & Trim and Sierra Homes

October 11, 2021

1847 Holdings, through its 1847 Cabinet subsidiary, closed acquisitions of High Mountain Door & Trim Inc. and Sierra Homes, LLC, expanding its custom cabinetry footprint into Northern Nevada and the greater Lake Tahoe area. The deals, financed with cash, a $24.86 million senior secured convertible promissory note and seller notes, increase 1847 Cabinet's pro forma revenue to about $32 million and trailing EBITDA to $4.5 million and support the holding company's plan to begin quarterly dividends.

Buyers
1847 Holdings LLC, 1847 Cabinet Inc.
Targets
High Mountain Door & Trim Inc., Sierra Homes, LLC
Platforms
1847 Cabinet Inc.
Location
United States
Transaction Type
Addon

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