Company Description
1847 Holdings LLC (EFSH) is a publicly traded diversified acquisition holding company that focuses on identifying overlooked, deep-value investment opportunities in middle market and lower-middle market businesses. The company’s disclosures emphasize that many founders and stakeholders of these enterprises have limited exit options despite the intrinsic value of their businesses. 1847 Holdings seeks to acquire what it views as “solid” businesses at reasonable multiples of cash flow and then deploy additional resources to strengthen their infrastructure and operating systems.
According to multiple company statements, 1847 Holdings’ business model centers on acquiring, enhancing, and monetizing undervalued businesses. After acquisition, the company works to improve operations, which may support either a sale or an initial public offering of an operating subsidiary at higher valuations than the original purchase price. In other cases, operating subsidiaries may be held for the long term and contribute to the company’s ability to pay regular and special dividends to shareholders. This approach is repeatedly described as a disciplined strategy for value creation across its portfolio.
1847 Holdings has described itself as a publicly traded diversified acquisition holding company in numerous press releases. Its activities include buying and selling operating subsidiaries, as illustrated by transactions such as the sale of High Mountain Door & Trim Inc. and the disposition of ICU Eyewear, as well as the acquisition of CMD Inc. The company has also reported that CMD is a provider of door solutions, custom cabinetry, and building enhancements serving multi-family residential, institutional, and commercial markets, highlighting the operating focus of at least one of its subsidiaries.
In its public communications, 1847 Holdings notes that improvements made at portfolio companies may lead to outcomes such as:
- A sale of an operating subsidiary at a higher valuation than its purchase price.
- An IPO of a subsidiary.
- Long-term ownership of a subsidiary that contributes to the company’s capacity to pay dividends.
These statements underscore the company’s emphasis on value realization through both capital events and ongoing cash generation at the subsidiary level.
From a capital markets perspective, 1847 Holdings has been listed on NYSE American under the ticker EFSH. Company disclosures report that on April 3, 2025, NYSE American suspended trading in the company’s common shares and initiated delisting proceedings under Section 1003(f)(v) of the NYSE American Company Guide, citing the low selling price of the common shares. An 8-K filing dated July 8, 2025, states that a Listing Qualifications Panel upheld the decision to delist, and a Form 25 was filed on July 9, 2025, to remove the common shares from listing and registration under Section 12(b) of the Exchange Act. The company has also reported that it has applied to have its common shares quoted on OTC markets, including the OTCQB Venture Market and OTC Pink Limited tier, and has discussed an objective of ultimately relisting on a senior U.S. exchange.
In addition to its acquisition and divestiture activity, 1847 Holdings has engaged in capital markets transactions involving warrants and registration statements. A Form S-1/A filed in July 2025 describes common shares issuable upon the exercise of Series A and Series B warrants, including provisions for cashless exercise, a zero exercise price option for Series A warrants, and various reset mechanisms tied to volume-weighted average price, share combination events, and subsequent equity sales. The registration statement explains that the company previously registered a portion of the shares underlying these warrants and is registering additional shares due to adjustments based on a defined floor price.
Company press releases and SEC filings also indicate that 1847 Holdings provides financial guidance and discusses metrics such as revenue growth, gross profit, operating income, cash flow from operations, and net income. These metrics are used by management to describe the performance of the overall business and specific subsidiaries such as CMD. The company has also referenced non-GAAP measures like EBITDA and Adjusted EBITDA, explaining how these are calculated and why management considers them useful for understanding operating performance. While specific figures change over time, the recurring use of these measures highlights the company’s focus on financial performance at both the consolidated and subsidiary levels.
1847 Holdings’ filings and press releases further describe its use of strategic alternatives processes for certain portfolio companies. For example, the company has reported exploring strategic alternatives for CMD, supported by an external financial institution with expertise in the building products sector. This reflects a pattern in which 1847 Holdings evaluates whether to hold, sell, or otherwise monetize subsidiaries based on market interest and perceived value.
The company’s regulatory history includes:
- Notification from NYSE American of a determination to delist its common shares due to low selling price.
- Suspension of trading on NYSE American as of April 3, 2025.
- A subsequent hearing before a Listing Qualifications Panel, which upheld the delisting determination.
- Filing of Form 25 by NYSE American on July 9, 2025, to remove the common shares from listing and registration under Section 12(b).
- Applications to have the common shares quoted on OTC markets.
These events are documented in the company’s 8-K and Form 25 filings and in related press releases, and they are important for understanding the trading status of EFSH shares.
Overall, 1847 Holdings LLC presents itself, through its public disclosures, as a diversified acquisition holding company that acquires, improves, and seeks to realize value from middle market and lower-middle market businesses. Its communications emphasize disciplined acquisition at reasonable cash flow multiples, operational enhancement of subsidiaries, and the potential for value realization through sales, IPOs, or ongoing dividend contributions.