secwatch / observer
8-K filed November 2, 2022, 7:59 PM ET ticker KFS CIK 0001072627
M&A confidence high sentiment positive materiality 0.70

Kingsway acquires CSuite Financial Partners for $8.5M cash plus up to $3.55M earnout

KINGSWAY FINANCIAL SERVICES INC

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KINGSWAY FINANCIAL SERVICES INC entered into Membership Interest Purchase Agreement with Arthur J. Cohen and Beth Garden, as Trustees of the Cohen Garden Trust, Realized Potential, LLC, and Arthur J. Cohen valued at approximately $8,500,000 (effective 2022-11-01).

Action
entry
Agreement
asset purchase
Counterparty
Arthur J. Cohen and Beth Garden, as Trustees of the Cohen Garden Trust, Realized Potential, LLC, and Arthur J. Cohen
Value
approximately $8,500,000
Effective
2022-11-01
Exact text from the filing
On November 1, 2022, CSuite Acquisition, LLC (the “Kingsway Buyer”), a newly formed subsidiary of Kingsway Financial Services Inc. (the “Company” or “Kingsway”), entered into a Membership Interest Purchase Agreement (the “Agreement”) with Arthur J. Cohen and Beth Garden, as Trustees of the Cohen Garden Trust dated July 13, 2015 (the “Cohen Garden Trust”), Realized Potential, LLC, a Delaware limited liability company (“Realized Potential” and, together with the Cohen Garden Trust, the “Sellers”), and Arthur J. Cohen, in his capacity as the Sellers’ Representative (“Sellers’ Representative”) pursuant to which the Kingsway Buyer acquired all of the outstanding equity interests of CSuite Financial Partners, LLC
View on SEC.gov

239 material agreements filed in the last 30 days. Browse all material agreements →

KINGSWAY FINANCIAL SERVICES INC filing history →

Source: SEC EDGAR
accession 0001437749-22-025459
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