1847 Holdings acquires CMD Companies; acquired firm had $27.1M revenue, $5.8M net income in 2023

1847 Holdings LLC

Acquired CMD Inc. and CMD Finish Carpentry LLC on Dec 16, 2024 via subsidiary 1847 CMD Inc.
Audited financials: CMD revenue $27.1M in 2023 (up 97% from $13.7M in 2022); net income $5.8M vs loss $1.5M.
Total assets $11.8M at Dec 31, 2023; owners' equity $4.2M vs deficit $1.3M in 2022.
Acquisition financed with promissory note, security agreement, and placement agency agreement (Spartan Capital).

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