Kingsway to Host Conference Call Tuesday to Discuss Bud's Plumbing Acquisition
Kingsway Financial Services (NYSE:KFS) has announced a conference call scheduled for Tuesday, March 25, 2025, at 5:30 p.m. ET to discuss their recent acquisition of Bud's Plumbing. The company acquired the century-old plumbing service provider through their newly formed subsidiary, Plumbing Holdco ("Kingsway Skilled Trades").
The acquisition was completed for $5.0 million, plus transaction expenses and a working capital adjustment. The deal was financed through a combination of cash on hand and a $1.25 million seller note. Bud's Plumbing, operating as M.L.C. Plumbing , has been serving residential and commercial customers for over 100 years.
The conference call will include a live Q&A session, with investors having the option to submit questions via email to James@HaydenIR.com. The call will be accessible through both toll-free and international dial-in numbers, with replay options available.
Kingsway Financial Services (NYSE:KFS) ha annunciato una conferenza telefonica programmata per martedì 25 marzo 2025, alle 17:30 ET, per discutere della recente acquisizione di Bud's Plumbing. L'azienda ha acquisito il fornitore di servizi idraulici centenario attraverso la sua nuova controllata, Plumbing Holdco ("Kingsway Skilled Trades").
L'acquisizione è stata completata per 5,0 milioni di dollari, più spese di transazione e un aggiustamento del capitale circolante. L'accordo è stato finanziato tramite una combinazione di liquidità disponibile e un note del venditore di 1,25 milioni di dollari. Bud's Plumbing, operante come M.L.C. Plumbing, serve clienti residenziali e commerciali da oltre 100 anni.
La conferenza telefonica includerà una sessione di domande e risposte dal vivo, con gli investitori che avranno la possibilità di inviare domande via email a James@HaydenIR.com. La chiamata sarà accessibile tramite numeri verdi e internazionali, con opzioni di replay disponibili.
Kingsway Financial Services (NYSE:KFS) ha anunciado una conferencia telefónica programada para el martes 25 de marzo de 2025, a las 5:30 p.m. ET, para discutir su reciente adquisición de Bud's Plumbing. La compañía adquirió el proveedor de servicios de fontanería centenario a través de su nueva filial, Plumbing Holdco ("Kingsway Skilled Trades").
La adquisición se completó por 5,0 millones de dólares, más gastos de transacción y un ajuste de capital de trabajo. El acuerdo se financió a través de una combinación de efectivo disponible y un nota del vendedor de 1,25 millones de dólares. Bud's Plumbing, que opera como M.L.C. Plumbing, ha estado sirviendo a clientes residenciales y comerciales durante más de 100 años.
La conferencia telefónica incluirá una sesión de preguntas y respuestas en vivo, con los inversores teniendo la opción de enviar preguntas por correo electrónico a James@HaydenIR.com. La llamada será accesible a través de números gratuitos e internacionales, con opciones de repetición disponibles.
Kingsway Financial Services (NYSE:KFS)는 2025년 3월 25일 화요일 오후 5시 30분 ET에 Bud's Plumbing의 최근 인수에 대해 논의하기 위한 컨퍼런스 콜을 발표했습니다. 이 회사는 새로 설립된 자회사 Plumbing Holdco ("Kingsway Skilled Trades")를 통해 100년 된 배관 서비스 제공업체를 인수했습니다.
인수는 500만 달러와 거래 비용, 운영 자본 조정을 포함하여 완료되었습니다. 이 거래는 현금 보유액과 125만 달러 판매자 노트의 조합을 통해 자금을 조달했습니다. Bud's Plumbing은 M.L.C. Plumbing으로 운영되며, 100년 이상 주거 및 상업 고객에게 서비스를 제공해 왔습니다.
컨퍼런스 콜에는 실시간 Q&A 세션이 포함되며, 투자자는 James@HaydenIR.com으로 이메일을 통해 질문을 제출할 수 있습니다. 이 전화 통화는 무료 및 국제 전화 번호를 통해 접근 가능하며, 재생 옵션도 제공됩니다.
Kingsway Financial Services (NYSE:KFS) a annoncé une conférence téléphonique prévue pour le mardi 25 mars 2025, à 17h30 ET, pour discuter de son acquisition récente de Bud's Plumbing. La société a acquis le prestataire de services de plomberie centenaire par le biais de sa nouvelle filiale, Plumbing Holdco ("Kingsway Skilled Trades").
L'acquisition a été réalisée pour 5,0 millions de dollars, plus les frais de transaction et un ajustement du fonds de roulement. L'accord a été financé par une combinaison de liquidités disponibles et d'une note de vendeur de 1,25 million de dollars. Bud's Plumbing, opérant sous le nom de M.L.C. Plumbing, sert des clients résidentiels et commerciaux depuis plus de 100 ans.
La conférence téléphonique comprendra une session de questions-réponses en direct, les investisseurs ayant la possibilité d'envoyer des questions par e-mail à James@HaydenIR.com. L'appel sera accessible via des numéros gratuits et internationaux, avec des options de rediffusion disponibles.
Kingsway Financial Services (NYSE:KFS) hat eine Telefonkonferenz für Dienstag, den 25. März 2025, um 17:30 Uhr ET angekündigt, um über die kürzliche Übernahme von Bud's Plumbing zu diskutieren. Das Unternehmen hat den hundertjährigen Anbieter von Sanitärdienstleistungen über seine neu gegründete Tochtergesellschaft, Plumbing Holdco ("Kingsway Skilled Trades"), übernommen.
Die Übernahme wurde für 5,0 Millionen Dollar sowie Transaktionskosten und eine Anpassung des Betriebskapitals abgeschlossen. Das Geschäft wurde durch eine Kombination aus verfügbaren Bargeld und einem 1,25 Millionen Dollar Verkäuferdarlehen finanziert. Bud's Plumbing, das als M.L.C. Plumbing tätig ist, bedient seit über 100 Jahren private und gewerbliche Kunden.
Die Telefonkonferenz wird eine Live-Q&A-Sitzung umfassen, bei der Investoren die Möglichkeit haben, Fragen per E-Mail an James@HaydenIR.com zu senden. Der Anruf wird sowohl über gebührenfreie als auch internationale Einwahlnummern zugänglich sein, mit verfügbaren Wiederholungsoptionen.
- Strategic expansion into skilled trades sector through new subsidiary
- Acquisition of established 100+ year old business with existing customer base
- Relatively small seller note ($1.25M) compared to total purchase price ($5.0M)
- Company has sufficient cash on hand to fund majority of acquisition
- Additional debt taken on through $1.25M seller note
- Cash reserves reduced due to acquisition payment
- Transaction expenses and working capital adjustment will increase total acquisition cost above $5.0M
Management to Host Conference Call Tuesday, March 25, 2025, at 5:30 p.m. ET
CHICAGO, IL / ACCESS Newswire / March 20, 2025 / (NYSE:KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") previously announced the formation of Plumbing Holdco LLC ("Kingsway Skilled Trades") and the acquisition of the privately-held M.L.C. Plumbing LLC d/b/a Bud's Plumbing ("Bud's Plumbing"), a 100+ year old service and repair plumbing company serving residential and commercial customers for
Management will host a conference call at 5:30 p.m. Eastern Time to discuss the transaction and host a live Q&A session. Additionally, investors may also submit questions via email to: James@HaydenIR.com.
Conference Call Information
Date: Tuesday, March 25, 2025
Time: 5:30 p.m. Eastern Time
Toll Free: 888-506-0062
International: 973-528-0011
Participant Access Code: 694854
Live Webcast Link: https://www.webcaster4.com/Webcast/Page/2928/52209
Conference Call Replay Information
Toll Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 52209
Replay Webcast Link: https://www.webcaster4.com/Webcast/Page/2928/52209
About the Company
Kingsway is a holding company that owns or controls subsidiaries primarily in the business services and extended warranty industries. The common shares of Kingsway are listed on the New York Stock Exchange under the trading symbol "KFS."
The company serves the business services industry through its operating subsidiaries within its Kingsway Search Xcelerator ("KSX") segment:
B2B Services
Ravix Group (ravixgroup.com), CSuite Financial (Csuitefinancialpartners.com)
Image Solutions (istechology.com)
Healthcare Services
Digital Diagnostic Imaging (ddimagingusa.com)
Secure Nursing Services (securenursing.com)
Vertical Market Software
Systems Products International (spisoftware.com)
Kingsway Skilled Trades
Bud's Plumbing (budsplumbing.com)
The company serves the extended warranty industry through its operating subsidiaries within its Extended Warranty segment:
Auto Warranty
IWS (iwsgroup.com)
Penn Warranty (pennwarranty.com)
Preferred Warranties (preferredwarranties.com)
HVAC/Facility Warranty
Trinity Warranty Solutions (trinitywarranty.com)
Additional Information
Additional information about Kingsway, including a copy of its Annual Reports can be accessed on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov, on the Canadian Securities Administrators' website at www.sedar.com, or through the Company's website at www.kingsway-financial.com.
For Investor Inquiries: | For Company Inquiries: |
SOURCE: Kingsway Financial Services, Inc.
View the original press release on ACCESS Newswire
FAQ
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