Kingsway Financial Services Acquires Secure Nursing Service, Inc.

Thrive Acquires Secured Network Services

February 13, 2025

IT Services

Thrive, a global technology outsourcing provider, has acquired Secured Network Services (SNS), a New Hampshire–based IT provider serving healthcare, non-profit, and municipal customers. The deal expands Thrive's presence into New Hampshire and deepens its New England footprint while extending Thrive's security operations center and hybrid cloud capabilities to SNS customers; Thrive is PE-backed following a strategic investment from Berkshire Partners and Court Square Capital.

Kingsway Financial Services Acquires Ravix Financial Inc.

October 4, 2021

Accounting & Tax

Kingsway Financial Services Inc. (NYSE: KFS) has acquired privately-held Ravix Financial Inc., an outsourced financial services and HR consulting firm based in San Jose, California. The purchase price was $11.0 million at close with up to $4.5 million in contingent payments; the acquisition was financed with cash and debt provided by Avidbank.

Kingsway Financial Services Acquires Digital Diagnostics Imaging for $11M

October 27, 2023

Healthcare Services

Kingsway Financial Services (NYSE: KFS) acquired Digital Diagnostics Imaging, Inc. (DDI), a New Jersey-based provider of outsourced cardiac monitoring telemetry services, for $11.0 million in an all-cash transaction funded with cash and debt. The acquisition, completed under Kingsway's Search Xcelerator platform, is immediately accretive and adds about $4.2 million of annual revenue and $1.8 million of annual adjusted EBITDA while bringing a capital-light, recurring-revenue capability into Kingsway's portfolio.

Sheridan Capital Partners Invests in National Care Systems

September 16, 2025

Healthcare Services

Sheridan Capital Partners completed an investment in National Care Systems (NCS), a Brooklyn-based provider of revenue cycle management and payroll software serving skilled nursing and assisted living facilities across the United States. The investment will support NCS’s expansion of partnerships with post-acute facilities while founder and CEO David Klein remains in place; financial terms were not disclosed.

Kingswood Capital Management Acquires Support Services Group, Inc.

August 18, 2022

Professional Services

Kingswood Capital Management, LP acquired Support Services Group, Inc. (SSG), a global omnichannel contact center provider headquartered in Waco, Texas. SSG's founding ownership group remains minority owners; the company operates 20+ facilities across ten countries with a workforce of over 10,000 agents. Cerberus Business Finance provided debt financing and several advisors supported the transaction.

Warburg Pincus and Tilia Invest in Food Safety Net Services; FSNS to Merge with Certified Group

July 8, 2021

Food & Beverage

Warburg Pincus and Tilia Holdings announced an investment in Food Safety Net Services (FSNS) and a merger between FSNS and Certified Group to create a leading national testing and regulatory consulting platform for the food, supplements and related regulated industries. The combined business will expand geographic footprint and capabilities across chemistry and microbiology testing, bringing the organization to a large North American laboratory network and an expanded employee base.