Kingsway Announces $5.0 Million Acquisition of M.L.C. Plumbing LLC
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Kingsway Financial Services Inc. (NYSE:KFS) has acquired M.L.C. Plumbing LLC for $5 million. The acquisition is expected to be immediately accretive, adding $6 million in annual revenue and $0.8 million in adjusted EBITDA. This move is part of Kingsway's Search Xcelerator platform.
March 17, 2025 | 1:30 pm
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Kingsway Financial Services has acquired M.L.C. Plumbing for $5 million, which is expected to be immediately accretive. The acquisition adds $6 million in annual revenue and $0.8 million in adjusted EBITDA, enhancing Kingsway's financial performance.
The acquisition of M.L.C. Plumbing is expected to be immediately accretive, meaning it will likely enhance Kingsway's earnings per share in the short term. The addition of $6 million in annual revenue and $0.8 million in adjusted EBITDA suggests a positive financial impact, which is likely to be viewed favorably by investors.
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