TORONTO — Kingsway Financial Services Inc. and its subsidiary, 1347 Capital LLC, announced that the company has finalized the purchase of certain tangible and intangible assets of Trinity Warranty Corp., Lombard, Ill., a third-party administrator of HVAC warranty products to consumers and businesses. The tangible and intangible assets of Trinity are being acquired for total consideration consisting of cash and future contingent payments. Kingsway expects the business to be accretive to cash flows.

“We believe Trinity has a compelling value proposition in serving HVAC manufacturers, distributors, and consumers in its role as a third-party administrator of warranty products, and we are excited that it is joining the Kingsway family,” said Larry G. Swets Jr., Kingsway’s president and chief executive officer.

Kingsway is a holding company that owns or controls stakes in several insurance industry assets and utilizes its subsidiaries to pursue opportunities acting as an advisor, an investor, and a financier. For more information, visit www.kingsway-financial.com.