LBRA
Industry:
Capital Goods Automotive Manufacturing

DESCRIPTION

1847 Holdings is a publicly traded holding company that acquires and operates small businesses — defined as those with enterprise values below $50M — across North America. The company is currently dominated by its construction segment, which accounts for nearly all revenue and operates through three subsidiaries: Kyle's Custom Wood Shop in Boise, Innovative Cabinets & Design in Reno, and CMD in Las Vegas. These subsidiaries design, manufacture, and install custom cabinetry, doors, trim, millwork, and countertops, primarily for homebuilders, multi-family developers, and commercial clients. The company also owns Wolo, a small branded aftermarket automotive products business that sells vehicle horns, warning lights, and sirens through retailers like Amazon, AutoZone, and Advance Auto Parts, with manufacturing outsourced to contract manufacturers in China and Taiwan. 1847 Holdings is externally managed by 1847 Partners, which charges a 2% annualized management fee on adjusted net assets, a 2% transaction fee on acquisitions and dispositions, and a 20% profit allocation on gains above an 8% hurdle rate. The company grows by acquiring new small businesses across a range of industries and by expanding existing subsidiaries organically into adjacent geographies and customer segments.

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