Kingsway Financial Services Acquires M.L.C. Plumbing: A New Chapter in the Skilled Trades Industry
Chicago, IL – Kingsway Financial Services Inc. (Kingsway or the Company), a leading provider of revenue cycle management and value-added services, is expanding its presence in the skilled trades sector with the acquisition of M.L.C. Plumbing, a top-tier service and repair plumbing company in its market.
The Acquisition Details
The acquisition, which took place on March 15, 2025, is the latest under Kingsway’s Kingsway Search Xcelerator platform. The deal is expected to be immediately accretive, adding $6.0 million of annual unaudited revenue and $0.8 million of annual unaudited adjusted EBITDA to Kingsway’s bottom line.
A Stronger Presence in the Plumbing Industry
M.L.C. Plumbing, based in the Midwest, is a well-established and reputable plumbing company, known for its exceptional customer service and skilled technicians. With this acquisition, Kingsway Skilled Trades will become the #1 service and repair plumbing company in its market. This strategic move will enable Kingsway to broaden its reach and expand its service offerings in the plumbing industry.
Impact on Customers
For Kingsway’s customers, this acquisition means an enhanced service experience. With the addition of M.L.C. Plumbing’s teams and expertise, Kingsway Skilled Trades will be able to provide more comprehensive and efficient services to its clients. The company is committed to maintaining the high standards of customer service that M.L.C. Plumbing is known for, ensuring a seamless transition for customers.
Impact on the Skilled Trades Industry
Beyond the immediate benefits for Kingsway and its customers, this acquisition is also a significant development for the skilled trades industry as a whole. The consolidation of M.L.C. Plumbing into the Kingsway network highlights the growing trend towards industry consolidation and the increasing importance of scale and efficiency in the skilled trades sector. This acquisition is expected to set a new standard for service quality and customer experience in the plumbing industry.
The Conference Call
Management of Kingsway Financial Services will host a conference call on Tuesday, March 25, 2025, at 5:30 p.m. ET to discuss the acquisition in more detail. Interested parties are invited to join the call by dialing (877) 883-0383 or (253) 237-1140 and using conference ID number 886765. The call will also be webcast live on the Investor Relations section of the Company’s website.
Conclusion
With the acquisition of M.L.C. Plumbing, Kingsway Financial Services continues to solidify its position as a leading player in the skilled trades industry. By combining M.L.C. Plumbing’s exceptional customer service and skilled technicians with Kingsway’s financial expertise and operational scale, the company is poised to deliver even more value to its customers. The acquisition is a testament to Kingsway’s commitment to growth and innovation in the skilled trades sector.
- Kingsway Financial Services acquires M.L.C. Plumbing, a top-tier plumbing company
- Expected to be immediately accretive, adding $6.0 million of annual revenue and $0.8 million of annual adjusted EBITDA
- M.L.C. Plumbing becomes #1 service and repair plumbing company in its market
- Impact on customers: enhanced service experience and more comprehensive offerings
- Impact on industry: consolidation and increasing importance of scale and efficiency
- Management to host conference call on March 25, 2025, at 5:30 p.m. ET to discuss acquisition in more detail
