StockNews.AI
KFS
StockNews.AI
14 days

Kingsway Announces Acquisition of AAA Flexible Pipe Cleaning Corp.

1. Kingsway acquired Advanced Plumbing for $3.5 million, boosting revenues. 2. The acquisition supports Kingsway's growth in skilled trades sector.

2m saved
Insight
Article

FAQ

Why Bullish?

The acquisition enhances recurring revenue streams and market position, historically boosting stock prices in similar acquisitions. Previous expansions with strategic acquisitions led to price increases for KFS.

How important is it?

The acquisition is a strategic move to diversify revenue and strengthen market position, suggesting potential stock stability and growth.

Why Long Term?

This acquisition aligns with Kingsway's growth strategy, likely having sustained impact as business integration matures. Long-term, successful integration can enhance profitability, driving price appreciation.

Related Companies

KFSRRRAPPFARCW
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.

Related News