Kingsway Finl Stock Price, News & Analysis

Kingsway Financial Services (KFS) has announced its acquisition of Roundhouse Electric & Equipment Co. for $22.4 million. The Odessa, Texas-based company provides industrial-scale electric motor maintenance, repair, testing, and sales solutions, primarily serving midstream natural gas pipeline operators and utilities across the Permian Basin.

Roundhouse demonstrates strong financial performance with trailing 12-month unaudited revenue of $16.0 million and adjusted EBITDA of $4.2 million. The company has more than 200 active customers with approximately 90% recurring or reoccurring revenue. The transaction was funded with $10.4 million in cash and $11.0 million from a senior credit facility.

Miles Mamon, Kingsway's Operator-in-Residence, will assume the CEO role, while current Vice President Lee Hudson will remain as President. The acquisition represents KFS's ninth addition to its Search Xcelerator platform.

Kingsway Financial Services (NYSE:KFS), a unique publicly-traded company utilizing the Search Fund model, has announced the closing of a $15.7 million private placement (PIPE) of 1,336,264 common shares at $11.75 per share.

The company has upgraded its acquisition guidance through its Kingsway Search Xcelerator (KSX) program from 2-3 acquisitions per year to 3-5 acquisitions per year. The PIPE funding, combined with operating cash flow and non-dilutive capital sources, will support Kingsway's multi-year growth strategy. The placement was conducted with select institutional investors and was non-brokered.

Kingsway Financial Services (NYSE:KFS) has announced an upcoming Investor Day event at the New York Stock Exchange on Monday, May 19, 2025. The event will feature a fireside chat between Kingsway CEO JT Fitzgerald and Tom Joyce, former President, CEO, and Director of Danaher Corporation. Joyce, who had a 31-year career at Danaher, currently serves on the boards of MedStar Health, Roper Technologies, and the Charter School Growth Fund.

The discussion will explore Danaher Corporation's evolution, the development of the Danaher Business System (DBS), and Joyce's contributions to Kingsway through the KSX Advisory Board. The event begins at 9:30 am ET and will be available both in-person (RSVP required) and via live stream on the company's website.

Kingsway Financial Services (NYSE:KFS) reported its Q1 2025 financial results, showing mixed performance. Consolidated revenue increased 8.4% to $28.3 million, driven by strong growth in its Kingsway Search Xcelerator (KSX) segment, which saw a 23.3% revenue increase to $11.7 million. Extended Warranty revenue remained flat at $16.7 million. The company reported a net loss of $3.1 million, wider than the $2.3 million loss in Q1 2024. Adjusted consolidated EBITDA decreased to $1.4 million from $2.1 million year-over-year. Notable acquisitions include Bud's Plumbing for $5.0 million and ViewPoint, a cloud-native timeshare software firm. The company's total net debt stood at $53.1 million as of March 31, 2025. Management expressed optimism about the Extended Warranty segment's recovery and highlighted a robust KSX deal pipeline.

Kingsway Financial Services (NYSE: KFS), the only publicly-traded US company using the Search Fund model for business acquisitions, has scheduled its Q1 2025 financial results announcement for Thursday, May 8, 2025, after market close. The company will host a conference call at 5 p.m. Eastern Time on the same day to discuss the results. Investors can join via toll-free number (877-545-0523; Code: 131755) or international line (973-528-0016; Code: 131755). A live webcast and replay will be available for those unable to attend the live call.

Kingsway Financial Services has announced that its subsidiary SPI Software has acquired ViewPoint, a cloud-native timeshare software company based in Mount Waverley, Australia, from RCI Pacific.

The strategic acquisition creates a global leader in vacation ownership software, combining SPI Software's established presence with ViewPoint's cloud-based solutions. The merger aims to accelerate product development and expand geographic reach in the vacation ownership software market.

Drew Richard, President of SPI Software, emphasized the complementary nature of both companies' offerings and their shared commitment to customer support. JT Fitzgerald, Kingsway's President and CEO, noted that SPI Software has achieved Rule-of-40 status through investments in products, people, and customer experience.

The transaction is immediately accretive to Kingsway's Adjusted EBITDA, though specific financial terms were not disclosed.

Kingsway Financial Services Inc. (NYSE:KFS), the only publicly-traded US company utilizing the Search Fund model for business acquisitions, has announced the publication of a new investor presentation on their company website. The presentation, which offers a comprehensive overview of the company's business strategy, is now available for access and download in the investor relations section at https://bit.ly/42KW6Ra.

Kingsway Financial Services (NYSE:KFS) has announced its participation in the upcoming Planet MicroCap Showcase: Vegas, partnering with MicroCapClub. The presentation is scheduled for Wednesday, April 23, at 8:00 AM PT. The company's management team will deliver a presentation and will be available for one-on-one meetings with investors during the conference. Interested parties can schedule meetings through their conference representative or by contacting James@HaydenIR.com.

Kingsway Financial Services (NYSE:KFS) has appointed Rob Humble as President and CEO of its dealer-focused auto warranty businesses, Preferred Warranties, Inc. (PWI) and Penn Warranty , effective immediately. Both companies operate within Kingsway's Extended Warranty segment.

The appointment comes as Brian Cosgrove, the outgoing President, resigns from his position after five years of service. JT Fitzgerald, Kingsway's President and CEO, emphasized that Humble's compensation structure and background align more closely with their Search Xcelerator CEOs, highlighting his proven track record in the warranty industry.

In his new role, Humble will focus on expanding product offerings, enhancing dealer partner and customer service, and driving business growth. The leadership transition aims to initiate the next phase of growth and innovation at PWI and Penn Warranty.