Kingsway Corporation
The Firm
Kingsway Corporation, listed and renamed from Kingsway Financial in May 2026, grows through the Search Xcelerator: it hires talented, early-in-career managers in its own words, and each one sources, acquires and then manages their own business inside the holding company. Its program page names seven operators-in-residence and twelve businesses bought through them across business services, healthcare services, software and skilled trades. Plumbing is the newest lane, with Bud's Plumbing in Evansville in March 2025 and AAA Flexible Pipe Cleaning that August.
The model is the reason to know this one rather than the volume. Every other firm on this page hires nobody and buys the business itself. Kingsway hires the buyer, which is the same play a searcher runs, with a listed balance sheet behind it and an employer's terms on top of it. The outcomes it publishes follow: Colter Hanson, one of the named operators, became president of Kingsway Skilled Trades in May 2026, and the officer at Bud's Plumbing holds restricted units that vest against that business's own rate of return rather than the parent's.
For anyone bidding on a plumbing company, the practical read is the structure. Bud's went for about five million dollars in cash and a seller note. AAA Flexible Pipe Cleaning went for $2.8 million in cash plus a $0.5 million seller note and up to $1.5 million more contingent on two years of results, which is a shape a first-time buyer with one lender cannot offer. The same firm sits on this site's job board, so a reader meets it either as the competing bidder or as the employer it would be.
What It Buys
Chicago, IL. A listed holding company that hires an early-career operator first and buys the business second, so its plumbing deals are bid by someone running the searcher's own play with a public balance sheet.
This firm also runs a searcher or operator-in-residence program: it competes for the same businesses while sitting closer to the searcher ecosystem.
Selling to them one day, or watching them as the other bidder? Track them in the Contact Book so the relationship has a next-touch date.
Confirmed Deals
3 deals traced to announcements by Kingsway Corporation, 2025, newest first. Firms that announce every deal show a fuller run here than firms that report acquisitions as quarterly counts, so read this as the evidence that clears the bar rather than as the firm's whole record.
- AAA Flexible Pipe Cleaning (Advanced Plumbing and Drain) · August 1, 2025
A commercial and residential plumber, for $2.8M in cash, a $0.5M seller note, and up to $1.5M on results.
- Roundhouse Electric & Equipment · July 1, 2025
An industrial electric motor maintenance, repair and testing business, bought for $22.4 million.
- M.L.C. Plumbing (Bud's Plumbing) · March 14, 2025
An Evansville, Indiana plumbing installation, service and repair business, for about $5M in cash and a seller note.