Canadian Underwriter

La Caisse acquires minority interest in BFL CANADA

June 28, 2018   by Staff

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mergersLa Caisse de depot et placement du Quebec has acquired a minority interest in BFL CANADA.

In a news release issued on Thursday, la Caisse said the investment will allow BFL to pursue its expansion into key regions of the country.

“By acquiring a stake in BFL CANADA, we hope to actively participate in the growth of a company that, through its innovative business model, has always stood out in its sector,” said Christian Dube, executive vice-president, Quebec, la Caisse.

BFL president and CEO Barry F. Lorenzetti will continue to lead the company, along with the existing team of senior executives.

“This transaction is a great opportunity for us to continue innovating while ensuring our growth,” Lorenzetti said. “It allows us to invest in our future and continuity alongside one of Canada’s biggest investors, which shares our vision of the future.”

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This story was originally published by Canadian Insurance Top Broker.