Kingsway Announces Acquisition of Ledgers, Inc. By Ravix Group

Core Insights - Kingsway Financial Services Inc. has announced the acquisition of Ledgers, Inc., an outsourced accounting services provider, through its subsidiary Ravix Group, expanding its geographical presence and diversifying customer end-markets [1] Group 1: Acquisition Details - The acquisition involves the assets of Ledgers, Inc., which is based in Illinois and specializes in providing outsourced accounting solutions for small businesses and nonprofit organizations [1] - Ledgers offers services including bookkeeping, financial reporting, and ongoing financial support, indicating a strong focus on recurring revenue and organic growth [1] Group 2: Financial Metrics - The unaudited pro-forma annual adjusted EBITDA for the acquisition is reported to be $0.4 million, highlighting the financial potential of the acquired company [1]