Ravix Group, a wholly-owned subsidiary of Kingsway Financial Services Inc., has acquired the assets of Ledgers, Inc., an outsourced accounting services provider based in Illinois. The transaction, which closed on January 5, 2026, was funded through a combination of cash on hand, debt financing, and a seller note, with Ravix providing 100% of the equity capital. The acquisition marks Kingsway Search Xcelerator's 13th deal and expands Ravix’s geographic reach into the Midwest while further diversifying its customer base. Ledgers, known for its strong recurring revenue and high customer retention, will continue to operate with its client-centric approach, now benefiting from the resources and operating platform of Ravix. Management plans to share more details during the company’s fourth quarter 2025 earnings call.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kingsway Financial Services Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1124423) on January 07, 2026, and is solely responsible for the information contained therein.
