1847 Holdings: Acquisitions and Spinoffs of Growing US-Based Businesses
Oct. 2, 2020
1847 Holdings LLC (OTCQB: EFSH) acquires and operates American companies it acquires at attractive valuations, leveraging its management team’s extensive experience gained at leading investment firms, such as Colony Capital, Lazard Freres and Saunders, Karp & Megrue, to grow operations and create value. 1847 may opportunistically monetize the ownership of operating subsidiaries over time to generate returns on capital for 1847 shareholders via outright sales, recapitalizations or spinoffs. Current assets in its portfolio include Goedeker’s, a leading appliance retailer, which the Company spunoff as in IPO on NYSE American in July 2020, Asien’s Appliances, a leading appliance retailer in California, and Neese, an established agricultural services company. 1847 Holdings retains 51%+ ownership of Goedeker's and plans to issue a dividend to shareholders of record at a date yet to be determined.
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