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Kingsway Announces Acquisition of Southside Plumbing

1. Kingsway acquires Southside Plumbing for $5.625 million, plus earn-out opportunities. 2. Acquisition supports growth with projected annual revenue of $4 million.

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+1.29%Current Return
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$13.9208/18 08:06 AM EDTEvent Start
$14.108/18 11:20 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition expands Kingsway's revenue base and reinforces its business strategy, historically leading to stock price increases for acquisition-focused companies.

How important is it?

The acquisition is a strategic move that strengthens KFS's market position, likely influencing investor sentiment and stock performance.

Why Short Term?

Immediate revenue growth from the acquisition should reflect positively on KFS's financials in the coming quarters.

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ACDHRTG
Kingsway Search Xcelerator's 12th Acquisition Asset-light plumbing services business with recurring revenues and leading market position Purchase price of $5.625 million, plus a potential earn-out of up to $1.125 million, for a total maximum purchase price of $6.75 million Unaudited pro-forma annual revenue of $4.0 million Unaudited pro-forma annual adjusted EBITDA of $0.9 million New credit facility to support growth at Kingsway Skilled Trades CHICAGO, ILLINOIS / ACCESS Newswire / August 18, 2025 / (NYSE:KFS) Kingsway Financial Services Inc. ("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 Southside Plumbing, a leading provider of commercial and residential plumbing services located in Omaha, Nebraska. Southside Plumbing is the third business operated under the Kingsway Skilled Trades platform.

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