KFS News & Events

Kingsway Financial Services' Board of Directors has approved a proposed corporate name change to Kingsway Corporation and a proposed stock ticker change to KWY, which are intended to better reflect the Company's business evolution and long-term strategy. The proposed name change is subject to shareholder approval at the Company's upcoming Annual General Meeting of shareholders scheduled for May 18, 2026.

Kingsway Financial Services announced its Board of Directors has elected Adam Patinkin as Chairman of the Board. Terence Kavanagh, who has served as Chairman for the past twelve years, will remain on the Board as Vice-Chairman. Patinkin is the Founder and Managing Partner of David Capital Partners.

Kingsway Financial Services' Ravix Group has acquired the assets of Ledgers, a provider of outsourced accounting services based in the state of Illinois. Founded to serve small businesses and nonprofit organizations and associations, Ledgers delivers outsourced accounting solutions including bookkeeping, financial reporting, and ongoing financial support. Ledgers generated approximately $0.4M of unaudited pro-forma adjusted EBITDA for the twelve months ended September 30. The compnay said, "The acquisition expands Ravix's geographic footprint into the Midwest, further diversifies Ravix's customer end-markets, and is a strong cultural fit given Ledgers's client-first approach and long-term customer relationships. The transaction also accelerates Ravix's momentum in the small business and nonprofit verticals following the recent acquisition of The HR Team." The transaction closed on January 5, and was funded with a combination of cash on hand, debt financing, and a seller note. Ravix provided 100% of the equity capital for the transaction, with no additional funding required from the Kingsway parent company.

Kingsway Financial Services announced that Colter Hanson has joined as the Company's newest Operator-in-Residence within the Kingsway Search Xcelerator Segment Prior to Kingsway, Mr. Hanson served as an Engagement Manager for McKinsey & Company where he focused on operational excellence and value creation for clients in the manufacturing and power generation verticals. He will conduct his search out of Minneapolis, MN, and intends to seek an acquisition related to Testing, Inspection, and Certification with a target geography of the Midwest.