1847 Holdings LLC has signed a non-binding letter of intent to acquire a Southern California specialty wood framing and carpentry contractor with more than 40 years of operating history. The proposed $6 million deal includes $1 million cash at closing and a $5 million seller-financed contingent promissory note bearing 6% interest, with vesting tied to the target’s GAAP operating income in 2026 or 2027. The target has secured about $29 million in new contract awards, and 1847 said it expects to fund the cash portion through non-dilutive financing and complete the acquisition without issuing additional common equity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 1847 Holdings LLC published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603060830PRIMZONEFULLFEED9667228) on March 06, 2026, and is solely responsible for the information contained therein.