Kingsway Search Xcelerator's 13th Acquisition Outsourced accounting services provider with strong recurring revenue and organic growth Unaudited pro-forma annual adjusted EBITDA of $0.4 million Ravix Group expands geographically into the Midwest while further diversifying customer end-markets CHICAGO, IL / ACCESS Newswire / January 7, 2026 / Kingsway Financial Services Inc. (NYSE:KFS) ("Kingsway" or the "Company"), the only publicly-traded US company employing the Search Fund model to acquire and build great businesses, today announced that its wholly-owned subsidiary Ravix Group, Inc. ("Ravix"), has acquired the assets of Ledgers, Inc. ("Ledgers"), a provider of outsourced accounting services based in the state of Illinois. Founded to serve small businesses and nonprofit organizations and associations, Ledgers delivers outsourced accounting solutions including bookkeeping, financial reporting, and ongoing financial support.
