Kingsway acquires Southside Plumbing

Kingsway Financial Services has acquired Omaha-based Southside Plumbing, a provider of commercial and residential plumbing services, for up to $6.75 million.

The deal marks the 12th acquisition by Kingsway Search Xcelerator and the third addition to its Skilled Trades platform.

Southside Plumbing generates around $4 million in annual revenue and $0.9 million in adjusted EBITDA, with 70% of its revenues tied to recurring or reoccurring business. Its customer base is 70% commercial and 30% residential, and its service and repair segment has been growing about 20% annually.

The purchase structure included $4 million in cash at close, a $0.5 million seller note due 2030, and a potential earn-out of up to $1.125 million between 2026 and 2028, along with a 20% retained equity interest. The transaction closed August 14, 2025, and is backed by a new credit facility to support growth at Kingsway Skilled Trades.