Kingsway announces acquisition of aaa flexible pipe cleaning corp.

Kingsway search xcelerator's 10th acquisition asset-light plumbing services business with recurring revenues and leading market position purchase price of $3.5 million, plus a potential earn-out of up to $1.5 million, for a total maximum purchase price of $5.0 million unaudited pro-forma annual revenue of $7.0 million unaudited pro-forma annual adjusted ebitda of $0.7 million chicago, il / access newswire / august 5, 2025 / kingsway financial services inc. (nyse:kfs) ("kingsway" or the "company"), the only publicly-traded us company employing the search fund model to acquire and build great businesses, today announced the acquisition of aaa flexible pipe cleaning corp ("advanced plumbing and drain"), a leading commercial and residential plumbing services business located in cleveland, ohio. advanced plumbing and drain is the second business operated under the kingsway skilled trades platform.
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