1847 Holdings engages Two Roads Advisors for sale of Wolo

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.