Kingsway Announces $19.5M Acquisition Of Image Solutions LLC, In An All-Cash Transaction Funded With Cash On Hand And $7.75M In Debt Financing
Portfolio Pulse from Benzinga Newsdesk
Kingsway Financial Services Inc. (NYSE:KFS) has acquired Image Solutions LLC for $19.5 million in an all-cash transaction, partially funded by $7.75 million in debt. The acquisition is expected to be immediately accretive, adding $9.8 million in annual revenue and $3.1 million in adjusted EBITDA.
September 27, 2024 | 12:37 pm
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Kingsway Financial Services has acquired Image Solutions LLC for $19.5 million, funded with cash and $7.75 million in debt. The acquisition is expected to be immediately accretive, adding $9.8 million in annual revenue and $3.1 million in adjusted EBITDA.
The acquisition of Image Solutions LLC is expected to be immediately accretive to Kingsway's earnings, adding significant revenue and EBITDA. This positive financial impact is likely to boost investor confidence and potentially lead to a short-term increase in KFS's stock price.
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