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New Deal


Announced

1847 Goedeker to acquire Appliances Connection for $210m.

Financials

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Transaction Value£161m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

United States

Majority

online retailer

Pending

E-commerce

Domestic

Single Bidder

Acquisition

Private

household appliances

Synopsis

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1847 Goedeker, an e-commerce destination for appliances, furniture, home goods, and related products, agreed to acquire Appliances Connection, a retailer of household appliances in the US, for $210m. “Our highly efficient nationwide delivery and installation operation and our strong presence in the northeastern United States provides us with important competitive advantages. I look forward to working closely with the Goedeker’s team to continue to scale the business, increase profits and make Goedeker’s the most profitable online appliance retailer in the nation,” Albert Fouerti, Appliances Connection CEO.

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