1847 Goedeker Inc. and Appliances Connection Provides Earnings Guidance for the Year 2021
October 26, 2020 at 04:45 pm EDT
1847 Goedeker Inc. and Appliances Connection provided earnings guidance for the year 2021. 1847 Goedeker Inc. announced the entry into a definitive agreement for the acquisition of Appliances Connection. In a deal valued at $210,000,000, the acquisition will be financed with a combination of cash and equity and is expected to close in the first quarter of 2021. The combined entities are expected to generate approximately $400 million of revenue and $30 million in EBITDA in 2021, making 1847 Goedeker one of the most attractive, large independent online appliance retailers.