CMD Acquisition | Construction Deal in NY

1847 Holdings LLC has completed the acquisition of CMD, a construction other business in New York, for $18.75 million. CMD Inc. operates within 1847’s Construction segment, supporting construction-related services and activities that fit the company’s portfolio streamlining strategy. 1847 Holdings is marketing CMD as held-for-sale and plans a construction M&A divestiture acquisition to monetize the CMD acquisition in NY. The proposed sale is structured as a potential $65 million all-cash transaction, representing about three times the original purchase price over roughly 1.5 years, and would be used to repay outstanding debt.