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Kingsway Announces Acquisition of AAA Flexible Pipe Cleaning Corp.

1. Kingsway acquired AAA Flexible Pipe Cleaning Corp for $3.5 million, potentially $5 million. 2. The acquisition enhances KFS's revenue with projected annual revenue of $7 million.

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FAQ

Why Bullish?

This acquisition increases Kingsway's revenue and EBITDA, similar to past acquisitions that boosted performance. Historical data shows such strategic moves often lead to positive market reactions.

How important is it?

The acquisition aligns with Kingsway's growth strategy, likely enhancing investor confidence and attracting analysts' attention.

Why Long Term?

The acquisition is expected to provide sustained revenue growth and stability over the long term, reinforcing Kingsway's business model and market presence.

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Kingsway Search Xcelerator's 10th Acquisition Asset-light plumbing services business with recurring revenues and leading market position Purchase price of $3.5 million, plus a potential earn-out of up to $1.5 million, for a total maximum purchase price of $5.0 million Unaudited pro-forma annual revenue of $7.0 million Unaudited pro-forma annual adjusted EBITDA of $0.7 million CHICAGO, IL / ACCESS Newswire / August 5, 2025 / Kingsway Financial Services Inc. (NYSE:KFS) ("Kingsway" or the "Company"), the only publicly-traded US company employing the Search Fund model to acquire and build great businesses, today announced the acquisition of AAA Flexible Pipe Cleaning Corp ("Advanced Plumbing and Drain"), a leading commercial and residential plumbing services business located in Cleveland, Ohio. Advanced Plumbing and Drain is the second business operated under the Kingsway Skilled Trades platform.

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