Kingsway Search Xcelerator's 12th Acquisition
Asset-light plumbing services business with recurring revenues and leading market position
Purchase price of $5.625 million, plus a potential earn-out of up to $1.125 million, for a total maximum purchase price of $6.75 million
Unaudited pro-forma annual revenue of $4.0 million
Unaudited pro-forma annual adjusted EBITDA of $0.9 million
New credit facility to support growth at Kingsway Skilled Trades
Black Book Research Flash Survey of 126 Healthcare Investors Pinpoints Largely Untapped, High-Conviction Markets for Startups, Scaleups, and Strategic Expansion by Established Vendors in this second part of the polling
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Read MoreRevenue for the Six Months Ended June 30, 2025 Increased 25%
Income from Operations for the Six Months Ended June 30, 2025 Increased 202%
Net Income for the Six Months Ended June 30, 2025 Increased 168%
The Company currently holds 170,687 common shares in Treasury from its Repurchase Program
Little Rock Realtor® recognized for her expertise in helping first-time buyers, veterans, and out-of-state clients relocating to Arkansas
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Highlights for the Quarter ended June 30, 2025:
Management and advisory fee revenue of $18.8 million for the quarter ended June 30, 2025, a 66% increase from the second quarter of 2024
Net loss attributable to Horizon Kinetics Holding Corporation of $(10.5) million, or $(0.56) per common share for the three months ended June 30, 2025
Operating income for the second quarter of 2025 was $2.5 million, an increase of $3.2 million from a $0.6 million loss during the second quarter of 2024
Assets under management ("AUM") of $10.5 billion as of June 30, 2025, an increase of 7% from December 31, 2024 and 43% from June 30, 2024
Board of Directors declares a $0.071 per share dividend
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ALKEME Insurance climbs 21 spots in three years on the Business Insurance Top 100 list, posting the third highest revenue growth at 58.3%, cementing its status as one of the nation’s fastest-growing brokerages.
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