08:38 AM EDT, 08/18/2025 (MT Newswires) -- Kingsway Financial Services ( KFS ) said Monday it has acquired Southside Plumbing for about $5.63 million, plus a potential earnout of up to $1.13 million, for a total maximum purchase price of about $6.75 million.

The company said the purchase price included $4 million in cash and $500,000 in seller note due 2030.

In connection with the deal, the company's business, Kingsway Skilled Trades, has entered into a financing agreement with Newburyport Five Cents Savings Bank for senior debt in the form of a commercial term loan at a fixed rate of 7.5% with a seven-year amortization schedule, plus access to both a commercial revolving line of credit and an equipment line of credit.