1847 Holdings exploring sale of recently acquired cabinetry company?

Acquired by 1847 Holdings in December 2024, the Las Vegas-based cabinet maker, CMD Inc., might be on the selling block.

Photo By CMD Inc. website

NEW YORK — 1847 Holdings LLC confirmed to Investing.com that it is in preliminary discussions regarding the potential sale of its recently acquired subsidiary, CMD Inc., a Las Vegas-based manufacturer specializing in cabinetry, millwork, and doors. 

According to Investing.com, the potential deal came about after an unnamed third party expressed interest in acquiring CMD Inc. Woodworking Network has contacted 1847 Holdings for comment, but the management consulting services firm with ownership of companies across myriad industries, has not responded.

Talks are at an early stage, the company emphasized, and it remains uncertain whether any transaction will occur, according to the website. 

In December 2024, 1847 Holdings LLC completed its acquisition of CMD Inc., the Las Vegas, Nevada-based cabinetry, millwork and door manufacturer, for $18.75 million. CMD Inc. had trailing twelve-month revenues of $33.1 million and a net income of $10.4 million as of Oct. 31.

The news followed the announcement a few days earlier by 1847 Holdings that it had secured a private placement for gross proceeds of $11.42 million to fund the acquisition of the then unnamed company.

In announcing the completion of the acquisition, 1847 Holdings CEO Ellery W. Roberts said, "We believe this marks a transformative moment for 1847 Holdings. The acquisition of CMD further illustrates our ability to identify and acquire undervalued businesses with strong profitability at attractive valuations. With its historical revenue growth and profitability, this acquisition aligns with our strategic arbitrage model, which we believe will allow us to create substantial shareholder value by enhancing operational performance and leveraging synergies."

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Larry Adams | Editor

Larry Adams is a Chicago-based writer and editor who writes about how things get done. A former wire service and community newspaper reporter, Larry is an award-winning writer with more than three decades of experience. In addition to writing about woodworking, he has covered science, metrology, metalworking, industrial design, quality control, imaging, Swiss and micromanufacturing . He was previously a Tabbie Award winner for his coverage of nano-based coatings technology for the automotive industry. Larry volunteers for the historic preservation group, the Kalo Foundation/Ianelli Studios, and the science-based group, Chicago Council on Science and Technology (C2ST).