1847 Holdings Gives Back to Community through Support of Boys & Girls Clubs of Ada County
Company plans to expand campaign to include support of Boys & Girls Clubs in each community where its portfolio companies operate
NEW YORK, Dec. 06, 2021 (GLOBE NEWSWIRE) — 1847 Holdings LLC (OTCQB: EFSH) (“1847 Holdings”), a publicly traded holding company platform that combines the attractive attributes of private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, is pleased to announce its support of the Boys & Girls Clubs of Ada County, Idaho. Ada County is home to 1847 Holdings’ wholly owned subsidiary, Kyles Custom Wood Shop, which has been serving customers in Ada County and the greater Boise area since 1976.
“Our growing portfolio of operating subsidiaries is comprised of middle-market companies that often have long-standing histories in their respective communities and have benefited from the support of those communities. Now through our financial support of the Boys & Girls Clubs of Ada County, we can give back to the community,” commented Ellery W. Roberts, CEO of 1847 Holdings. “We plan to expand this community support campaign across each of our operating territories and look forward to continuing to build our relationships with the communities we serve.”
“We are so thankful for 1847 Holdings’ donation,” said Jodi Davis Gempler, Boys & Girls Clubs of Ada County Director of Development. “This investment will transform our sports and recreation programs at all eight of our locations, serving 2,500 children and teens. With adequate sports equipment, we can run some amazing programs that will help get kids the 60 minutes of vigorous physical activity they need each day. We appreciate 1847 Holdings’ commitment to the health and wellness of Idaho kids. It truly does take a village.”
Boys & Girls Clubs provide places where kids can go after school and during the summer to grow beyond the classroom. Since the first doors opened over 150 years ago, 4,300 Clubs have been established across the country, from dense cities and sprawling suburbs to Native lands and U.S. military installations worldwide. Clubs now serve four million kids and teens annually by building deeply powerful relationships and opening avenues of opportunities. No matter why they enter a Club, young people leave with the knowledge that the Club Experience provides a fun, safe space and a fostering environment where they can be who they are—and become who they were meant to be.
About 1847 Holdings LLC
1847 Holdings LLC (OTCQB: EFSH), a publicly traded diversified acquisition holding company, was founded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue and Principal of Lazard Freres Strategic Realty Investors. 1847 Holdings’ investment thesis is that capital market inefficiencies have left the founders and/or stakeholders of many small business enterprises or lower-middle market businesses with limited exit options despite the intrinsic value of their business. Given this dynamic, 1847 Holdings can consistently acquire businesses it views as “solid” for reasonable multiples of cash flow and then deploy resources to strengthen the infrastructure and systems of those businesses in order to improve operations. These improvements may lead to a sale or IPO of an operating subsidiary at higher valuations than the purchase price and/or alternatively, an operating subsidiary may be held in perpetuity and contribute to 1847 Holdings’ ability to pay regular and special dividends to shareholders.
Forward-Looking Statements
This press release may contain information about 1847 Holdings’ view of its future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on our management’s beliefs, assumptions and expectations of our future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause our actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include but are not limited to the risks set forth in “Risk Factors” included in our SEC filings.
Contact:
Ellery W. Roberts, Founder & CEO
1847 Holdings LLC
Office: 212.417.9800
info@1847holdings.com
Dave Gentry, CEO
RedChip Companies
Office: 1.800.RED.CHIP (733.2447)
Cell: 407.491.4498
dave@redchip.com
