Kingsway Financial Services Acquisitions and $19.5M Transaction Details
Kingsway Financial Services Makes Strategic Acquisition
Kingsway Financial Services has successfully acquired Image Solutions for $19.5M. This acquisition not only adds $9.8M in revenue but also integrates $3.1M in EBITDA into Kingsway’s portfolio. The acquisition was funded by a combination of cash and debt financing, highlighting Kingsway's intention to strengthen its market position.
Financial Implications of the Acquisition
The addition of Image Solutions allows Kingsway to enhance its service offerings significantly. With the potential for future growth, this transaction indicates a proactive approach to expanding capabilities within the financial market.
- Acquisition Amount: $19.5M
- New Revenue: $9.8M
- New EBITDA: $3.1M
- Funding Sources: Cash and Debt
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