Kingsway Announces Acquisition of The HR Team, Inc. by Ravix Group
1. Kingsway Financial's subsidiary acquired The HR Team, enhancing HR service capabilities. 2. The acquisition adds recurring revenues with an adjusted EBITDA of $0.2 million.
1. Kingsway Financial's subsidiary acquired The HR Team, enhancing HR service capabilities. 2. The acquisition adds recurring revenues with an adjusted EBITDA of $0.2 million.
The acquisition supports revenue growth and service portfolio expansion, similar to past successful integrations that positively affected stock performance.
The strategic acquisition enhances KFS's operational capacity and revenue potential, making it important for investors focused on growth.
Investor sentiment may improve shortly as the market reacts to this strategic acquisition, typically leading to immediate price adjustments.