DivestmentMay 11, 2026, 05:07 PM
Kingsway Sells Trinity Warranty Solutions for $8.0M
AI Summary
Kingsway Financial Services Inc. announced the sale of its wholly-owned subsidiary, Trinity Warranty Solutions LLC, for gross proceeds of $8.0 million. The transaction, which closed on May 8, 2026, included $5 million in cash at closing and $3 million in secured subordinated promissory notes. This divestment is considered a successful exit, providing Kingsway with incremental capital for redeployment into core priorities, and marks a management buy-out for Trinity's President and CEO, Peter Dikeos.
Key Highlights
- Kingsway sold Trinity Warranty Solutions LLC for $8.0 million.
- The sale included $5.0 million in cash paid at closing.
- An additional $3.0 million was received in secured subordinated promissory notes.
- The transaction closed on May 8, 2026.
- The divestment is a management buy-out, with Trinity's CEO continuing to lead.
- Proceeds will be redeployed to investments aligning with Kingsway's core priorities.