logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Kingsway acquires Bud's Plumbing in strategic move

Mar 17, 2025•9 months ago

Acquiring Company

Kingsway Financial Services

Acquired Company

Bud’s Plumbing

ChicagoEvansvilleFinancial ServicesProfessional ServicesFacilities Support ServicesCommercialBuilding MaintenanceConstructionService Industry

Description

Kingsway Financial Services Inc. has announced its acquisition of M.L.C. Plumbing LLC, known as Bud's Plumbing, for $5 million. This acquisition aims to enhance Kingsway's skilled trades portfolio. Bud's Plumbing has been serving the Evansville community since 1920, known for its quality plumbing services. Rob Casper will lead Kingsway Skilled Trades as part of this strategic growth initiative.

Company Information

Company

Kingsway Financial Services

Location

10 S. Riverside Plaza, Ste 1520

Chicago, Illinois, United States

About

Kingsway Financial Services is a publicly traded holding company that trades on the NYSE under the ticker “KFS.” Kingsway aspires to compound intrinsic value per share at high rates over the long-term through efficient operations and thoughtful capital allocation. Kingsway owns or controls subsidiaries primarily in the extended warranty and business services industries.

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed