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Slide #83. Kingsway Financial Services Inc. — Certain tangible and intangible assets of Trinity Warranty Corporation
Kingsway Financial Services Inc. (NYSE:KFS)
Certain tangible and intangible assets of Trinity Warranty Corporation
Kingsway Financial Services Inc. ("Kingsway" or the "Company") and its subsidiary, 1347 Capital LLC, announced today that the Company has finalized the purchase of certain tangible and intangible assets of Trinity Warranty Corporation ("Trinity"). Trinity, based in Lombard, Illinois, is a provider of warranty products and maintenance support to consumers and businesses in the heating, ventilation, air conditioning ("HVAC") and refrigeration industry. The tangible and intangible assets of Trinity are being acquired for total consideration consisting of cash and future contingent payments. Kingsway expects the business to be accretive to cash flows.
Kingsway is a holding company. Co. owns or controls subsidiaries primarily in the extended warranty, asset management and real estate industries. Co.'s segments are: Extended Warranty, which includes IWS Acquisition Corporation, a licensed motor vehicle service agreement company, Trinity Warranty Solutions LLC, a provider of warranty products and maintenance support, Professional Warranty Service Corporation, a provider of new home warranty products and administration services, and Geminus Holding Company, Inc., which sells vehicle service agreements to used car buyers; and Leased Real Estate, which includes its subsidiary, CMC Industries Inc., that owns a parcel of real property in Texas.
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