1847 Holdings LLC (LBRA): M&A transaction — 1847 Holdings sells High Mountain Door & Trim for $17M cash; proceeds repay debt

1847 Holdings LLC

Closed sale of HMDT to BFS Group LLC on Sept 30, 2024 for $17M cash; $1.7M held back for post-closing adjustments.
Net proceeds used to repay $5.82M to Altimir, $2.82M to Beaman, $1.1M to Breadcrumbs, and $3.21M in subordinated notes.
Also disclosed ICU Eyewear asset sale for $4.25M on Aug 5, 2024, and Asien's assignment for benefit of creditors.
Pro forma net gain on dispositions of ~$9.7M for H1 2024; pro forma net loss attributable to 1847 Holdings of $5.5M for same period.
Company retains ICU foreclosure liability guarantee; combined asset sales streamline operations.

item 1.01 item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

1847 Holdings LLC completed a disposition involving BFS Group LLC for $17,000,000 (closed 2024-09-30).

Action: disposition
Counterparty: BFS Group LLC
Consideration: $17,000,000
Closing: 2024-09-30

Exact text from the filing

of the Disposition was completed on September 30, 2024. Pursuant to the terms of the Purchase Agreement, the Buyer acquired HMDT for an aggregate cash only purchase price of $17,000,000, subject to certain pre-closing and post-closing adjustments (the “ Purchase Price ”). At closing, the Purchase Price was subject to a working capital adjustment and was also

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1847 Holdings LLC filing history →

Source: SEC EDGAR

accession 0001213900-24-085567

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