Kingsway announces acquisition of the hr team, inc. by ravix group

Kingsway search xcelerator's 11th acquisition asset-light outsourced human resources services business with recurring revenues unaudited pro-forma annual adjusted ebitda of $0.2 million chicago, illinois / access newswire / august 6, 2025 / (nyse:kfs) kingsway financial services inc. ("kingsway" or the "company"), the only publicly-traded us company employing the search fund model to acquire and build great businesses, today announced that its wholly-owned subsidiary ravix group, inc. ("ravix"), has completed the strategic acquisition of the hr team, inc. ("the hr team"), a specialized firm of human resources professionals based in the state of maryland. the transaction enhances ravix's ability to deliver comprehensive human resources ("hr") services as part of its office of the cfo platform, and expands ravix's capabilities in hr compliance, organizational development, and outsourced hr support services.
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