1847 Holdings (EFSH) announced the engagement of Two Roads Advisors to manage the sale process for its subsidiary, Wolo Manufacturing. Wolo is a 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 $5M or more in EBITDA. While the Company remains open to acquiring smaller businesses with $1M-2M in EBITDA, these will only be considered as tuck-in acquisitions to complement existing platforms.
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