1847 Holdings LLC (NYSE:EFSH) ("1847 Holdings" or the "Company") today announced the engagement of Two Roads Advisors, a boutique investment bank specializing in mergers and acquisitions, to manage the sale process for its subsidiary, Wolo Manufacturing Corp. ("Wolo").
Wolo is a leading manufacturer and distributor of vehicle horns and safety products, offering a comprehensive range of electric and air horns for trucks, marine vessels, motorcycles, and industrial equipment. The company also provides a broad array of vehicle emergency and safety warning lights for cars, trucks, industrial equipment, and emergency vehicles.
The sale of Wolo represents a key objective in 1847 Holdings' strategy to optimize its portfolio and focus on acquisitions of businesses with $5 million or more in EBITDA. While the Company remains open to acquiring smaller businesses with $1-2 million in EBITDA, these will only be considered as tuck-in acquisitions to complement existing platforms. This marks an important step for 1847 Holdings in refining its portfolio and prioritizing larger, scalable opportunities that align with its growth objectives.