1847 Holdings LBRA

1847 Holdings LLC is an acquisition holding company focused on acquiring and managing a portfolio of small businesses with enterprise values under $50 million across various industries in North America. The company seeks to acquire controlling interests in businesses with stable earnings, positive cash flows, and strong management teams, aiming to improve these businesses through organic growth, add-on acquisitions, and operational enhancements. 1847 Holdings LLC provides investors with an opportunity to participate in the ownership and growth of a diversified group of operating companies that have historically been owned by private equity firms, individuals, families, financial institutions, or large conglomerates.

1847 Holdings LLC generates revenue through the operations of its majority-owned subsidiaries, which derive income from the sale of products and services to customers in their respective markets. Revenue is primarily generated from contracts for finish carpentry and related products and services, as well as from the sale of horn and safety warning lights for vehicles and industrial equipment. The company serves general contractors, commercial developers, residential builders, homeowners, government entities, and various retail and distribution channels depending on the segment.

The company operates through the following segments: Kyle’s, ICD, and Wolo.

• Kyle’s: This segment focuses on designing, building, and installing custom cabinetry primarily for custom and semi-custom builders. Kyle’s is a leading custom cabinetry maker servicing contractors and homeowners since 1976 in Boise, Idaho and the surrounding area. The segment specializes in millwork and cabinetry for general contractors, commercial developers, residential builders, homeowners, and government entities.
• ICD: This segment specializes in custom cabinetry and countertops for a client base consisting of single-family homeowners, builders of multi-family homes, as well as commercial clients. ICD was founded in 2008 and operates under the name Innovative Cabinets & Design. The segment provides finish carpentry and related products and services, including millwork and cabinetry, to customers in the construction industry.
• Wolo: This segment designs and sells horn and safety products (electric, air, truck, marine, motorcycle and industrial equipment), and offers vehicle emergency and safety warning lights for cars, trucks, industrial equipment and emergency vehicles. Headquartered in Deer Park, New York and founded in 1965, Wolo sells its products to big-box national retail chains, specialty and industrial distributors, online and mail order retailers, and original equipment manufacturers. The segment includes the brands Wolo Mfg. Corp. and Wolo Industrial Horn & Signal, Inc., which are collectively referred to as Wolo.

1847 Holdings LLC operates in competitive industries where it faces competition from both private and public companies in the construction and automotive supplies sectors. The company’s competitive advantages stem from its acquisition strategy targeting businesses with stable cash flows and strong management, its focus on long-term macroeconomic growth industries, and its active management approach to drive operational improvements and growth in its portfolio companies.

The company serves a diverse customer base including general contractors, commercial developers, residential builders, homeowners, government entities, big-box national retail chains, specialty and industrial distributors, online and mail order retailers, and original equipment manufacturers. Specific customer names are not disclosed in the filing, but the customer types span both business-to-business and business-to-government channels across its operating segments.