1847 Holdings Completes CMD Inc. Acquisition to Strengthen Regional Market Presence

December 17, 2024 09:36 PM PST | By Team Kalkine Media

1847 Holdings Completes CMD Inc. Acquisition to Strengthen Regional Market Presence — Image source: Shutterstock

Regional Expansion Drives Opportunities

CMD's Las Vegas operations are strategically positioned to serve the booming construction markets in nearby Arizona and Utah. By securing licenses in both states, CMD aims to enhance its reach and capitalize on robust demand for residential and commercial construction projects. CMD has already started bidding on multiple contracts scheduled to commence in 2025, strengthening its foothold in these high-growth markets.

Focused Tract Home Division in Las Vegas

To further support its growth trajectory, CMD has established a specialized division dedicated to tract home projects. This division targets both local and national builders, leveraging the rapid residential expansion in Northern Las Vegas. With several projects already under bid, this initiative is expected to generate incremental growth and diversify CMD's project portfolio.

Addressing Gaps in Multi-Family Housing

1847 Holdings has identified an untapped opportunity in Las Vegas’ multi-family housing market: Ready-To-Assemble (RTA) cabinetry. Market research conducted with CMD revealed a significant supply gap, prompting the company to develop solutions tailored to this demand. Through its subsidiary, Innovative Cabinets and Design, 1847 Holdings plans to bolster CMD’s manufacturing capabilities and market reach. This effort is anticipated to drive sustained growth well into 2025 and beyond.

A Growth-Oriented Acquisition

CMD’s strong market presence, coupled with 1847 Holdings' strategic investments, positions the company to thrive amid the ongoing construction boom in the Southwestern United States. By leveraging CMD’s existing operations and exploring new markets, 1847 Holdings aims to unlock further value for shareholders while meeting the region’s evolving construction needs.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.