Kingsway Financial Services - M&A Summary and Business Overview

Consumer ServicesCompany

Kingsway Financial Services M&A Summary

Kingsway Financial Services has acquired 7 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Kingsway Financial Services’ largest acquisition to date was in 2022, when it acquired Secure Nursing Service for $11M. It’s largest disclosed sale occurred in 2015, when it sold Assigned Risk Solutions to National General Holdings for $47M. Kingsway Financial Services has acquired in 5 different US states. The Company’s most targeted sectors include staffing (29%) and insurance (15%).

Kingsway Financial Services Business Overview

Where is Kingsway Financial Services headquartered?

Kingsway Financial Services is headquartered in Chicago, Illinois.

What is Kingsway Financial Services’ revenue?

Kingsway Financial Services disclosed revenue of 115M USD for 2022 and 95M USD for 2021.

How many employees does Kingsway Financial Services have?

Kingsway Financial Services has 470 employees.

What sector is Kingsway Financial Services in?

Kingsway Financial Services is a consumer services company.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity7
    • M&A Sell Activity2
  • Total Sectors Invested 6
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 1

Kingsway Financial Services

Kingsway Financial Services, Inc.

10 S. Riverside Plaza,
Chicago, Illinois 60606
United States,
(312) 766-2138
www.kingsway-financial.com

Kingsway Financial Services is a holding company that owns or controls subsidiaries primarily in the extended warranty and business services industries. Kingsway Financial Services is based in Chicago, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 4 - - 2 1 - 7
vol $2M $19M $21M
Sell (0.2/yr) # 1 - - 1 - - 2
vol $47M $47M
  9

Most Recent M&A

Company Date Value Type
Systems Products International, Inc. 2023-09-11 - Add-on Acquisition
Miami, Florida · www.spisoftware.com
Secure Nursing Service, Inc. 2022-11-21 11M USD Add-on Acquisition
Los Angeles, California · www.securenursing.com
CSuite Financial Partners 2022-11-01 9M USD Add-on Acquisition
Manhattan Beach, California · www.csuitefinancialpartners.com
Professional Warranty Service Corp. 2022-08-04 - Divestiture
Chantilly, Virginia · www.pwsc.com
Geminus Holding Company, Inc. 2019-03-04 - Add-on Acquisition
Wilkes-Barre, Pennsylvania
Professional Warranty Service Corp. 2017-10-12 - Add-on Acquisition
Chantilly, Virginia · www.pwsc.com
CMC Industries, Inc. 2016-05-19 2M USD Add-on Acquisition
Santa Clara, California · www.cmcindustries.com
Assigned Risk Solutions Ltd. 2015-04-01 47M USD Divestiture
Bethpage, New York · www.arsautoins.com
Trinity Warranty, Inc. 2013-05-22 - Add-on Acquisition
Itasca, Illinois · www.trinitywarranty.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 1 (14%) - 2 (100%) 47M (100%)
Staffing 2 (29%) 19M (93%) - -
Business Services 1 (14%) - - -
Financial Services 1 (14%) - - -
Software 1 (14%) - - -
Technology Hardware 1 (14%) 2M (7%) - -
Total 7 $21M 2 $47M

By Geo

State/Country Buy Value Sell Value
United States 7 21M 2 47M
  California 3 21M - -
  Virginia 1 - 1 -
  Illinois 1 - - -
  Florida 1 - - -
  Pennsylvania 1 - - -
  New York - - 1 47M
Total 7 $21M 2 $47M

Top M&A Advisors

Legal Deals
Eversheds LLP
 2

Deal Values

buy # Total
< $100M 3 $21M
TOTAL $21M
Largest Secure Nursing Service, Inc.
$11M (2022-11-21)
sell # Total
< $100M 1 $47M
TOTAL $47M
Largest Assigned Risk Solutions Ltd.
$47M (2015-04-01)

M&A Connections

Deals
Acquired from
Investor(s)
14%
1 (14%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Consumer Services

Revenue

115   22% 2022
95   44% 2021
66   5% 2020
63   2019
(millions of USD) Show More Show Less

Employees

470

Public

NYSE: KFS

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