Kingsway announces $19.5 million acquisition of image solutions llc

Management to host conference call wednesday, october 16, at 5 p.m. et expected to be immediately accretive adds $9.8 million of annual unaudited revenue and $3.1 million of annual unaudited adjusted ebitda capital light, highly recurring revenue business in stable and growing market latest acquisition under the kingsway search xcelerator platform chicago, il / accesswire / september 27, 2024 / (nyse:kfs) kingsway financial services inc. ("kingsway" or the "company") today announced the acquisition of image solutions llc ("image solutions"), an information technology managed services provider (it msp) for $19.5 million, plus transaction expenses and a working capital adjustment, in an all-cash transaction funded with cash on hand and $7.75 million in debt financing.
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