Construction Firm Secures $4M in Contracts
CMD, a subsidiary of 1847 Holdings, has secured over $4 million in new construction contracts. The company's pipeline of anticipated project awards for the first half of the year has now expanded to $17.4 million, with an active bid pipeline exceeding $160 million.
- The new contracts are primarily for projects in the Las Vegas and St. George, Utah markets, focusing on the multifamily and tract home segments of the construction industry. - A significant contract is a $1.9 million award for a 281-unit multifamily development in Las Vegas, signaling strong demand in that sector. - CMD is also expanding its relationship with national homebuilders, securing a new tract home project and taking over an existing development in Utah. - The parent company, 1847 Holdings, is a diversified acquisition firm founded by Ellery W. Roberts, which specializes in acquiring and managing small to medium-sized businesses. - In 2025, the acquisition of CMD was a primary driver of a 380% revenue increase for 1847 Holdings in the second quarter and a 256% increase in the third quarter. - Looking ahead, 1847 Holdings projects its revenue to exceed $50 million in 2026, with an anticipated income from operations of approximately $12.0 million. - The company's active bid pipeline, now the largest in its history, includes significant potential projects such as a 364-unit development valued at approximately $7.6 million. - In July 2025, 1847 Holdings initiated a transition for its common shares to trade on the OTCQB Venture Market after being delisted from the NYSE American exchange.
