CMD Acquisition | Construction Deal in NY

1847 Holdings LLC has entered into a letter of intent to sell CMD, Inc., a specialty contracting business in New York, for $65 million in an all-cash divestiture acquisition. CMD acquisition focuses on specialty construction contracting services, supporting project delivery for customers across New York. The proposed construction M&A transaction is a strategic acquisition backed by a major global private equity firm, reflecting a value-realization plan for NY acquisitions. The divestiture acquisition follows CMD acquisition in December 2024 for about $18.75 million, with a targeted definitive agreement within 60–90 days and customary closing conditions and due diligence.