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Kingsway Financial Services, the only publicly-traded US company employing the SF model to acquire and build great businesses, announced the sale of Trinity Warranty Solutions for gross proceeds of $8M, consisting of $5M cash at closing plus an additional $3M in seller notes.
“This transaction is a wonderful outcome for both Kingsway and Trinity,” said JT Fitzgerald, Kingsway’s President and CEO. “It marks the successful exit of a business that has generated reliable cash flow during our ownership period. By monetizing the business, we are tapping into incremental capital that can be redeployed to investments that align with our core priorities. I am also pleased that Peter Dikeos, the President and CEO of Trinity, will continue to lead Trinity as the business’s primary owner going forward.”
“Kingsway has been an outstanding partner to Trinity, and I’m grateful for Kingsway’s support helping us build a stronger business over the years,” said Peter. “I’m excited to lead Trinity into its next chapter alongside a team I deeply respect as we continue delivering exceptional service to our customers across the country.”
Trinity sells and administers warranty products for HVAC, standby generators, commercial LED lighting, and refrigeration equipment across the United States, acting as an agent for third-party insurers that underwrite these contracts. Trinity also provides equipment breakdown and maintenance support services, serving as a single point of contact and coordinating repairs through contracted service providers.
