StockNews.AI
KFS
StockNews.AI
155 days

Kingsway Announces $5.0 Million Acquisition of M.L.C. Plumbing LLC

1. Kingsway acquires M.L.C., adding $6M in revenue. 2. Conference call scheduled; expected accretion in EBITDA.

M&A
+4.05%Current Return
VS
-0.35%S&P 500
$7.2903/17 09:19 AM EDTEvent Start
$7.58503/18 03:52 PM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Bullish?

The acquisition adds significant revenue and EBITDA, enhancing Kingsway's market positioning. Previous acquisitions have generally resulted in positive market reactions for similar companies.

How important is it?

The financial impact of the acquisition is substantial, likely leading to investor interest. The conference call provides further details that can influence stock performance.

Why Short Term?

Investors will likely react quickly to the announced acquisition and potential growth. Historical momentum in stock prices is often seen following acquisitions, leading to short-term gains.

Related Companies

M.L.C.
Management to Host Conference Call Tuesday, March 25, 2025, at 5:30 p.m. ET Expected to be immediately accretive Adds $6.0 million of annual unaudited revenue and $0.8 million of annual unaudited adjusted EBITDA #1 Service and Repair plumbing company in its market Latest acquisition under the Kingsway Search Xcelerator platform CHICAGO, ILLINOIS / ACCESS Newswire / March 17, 2025 / (NYSE:KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced the formation of Plumbing Holdco LLC ("Kingsway Skilled Trades") and the acquisition of the privately-held M.L.C.

Related News