1847 engages Spartan Capital for planned $10M IPO, 1847 Cabinets spin-off

1847 Holdings announced that its subsidiary 1847 Cabinets Inc., a designer, manufacturer and installer of cabinets, doors and millwork for residential construction, has engaged Spartan Capital Securities, a U.S. investment bank, to support a planned $10 million IPO and spin-off transaction for 1847 Cabinets Inc. Assuming a successful transaction, 1847 Cabinets would become a standalone publicly traded company on a senior U.S. exchange, in order to capitalize on its internal growth and favorable outlook for the business. 1847 Cabinet Inc. is comprised of the businesses of Kyle’s, High Mountain and Innovative Cabinets. Kyle’s, which is based in Boise, Idaho, provides a wide variety of construction services including custom design and build of kitchen and bathroom cabinetry, delivery, installation, service and repair, extended warranties, and financing. High Mountain, which is based in Reno, Nevada, specializes in all aspects of finished carpentry products and services, including doors, door frames, base boards, crown molding, cabinetry, bathroom sinks and cabinets, bookcases, built-in closets, and fireplace mantles, among others, as well as window installation. Innovative Cabinets, also based in Reno, Nevada, specializes in custom cabinetry and countertops.