The CG&B Group Inc. Acquires F. Wallace Clancy & Son Limited

H. Larry Later, President and C.E.O. of The CG&B Group Inc., is pleased to announce the acquisition of F. Wallace Clancy & Son Limited.

The Markham based brokerage has agreed to acquire F. Wallace Clancy & Son from the Clancy family. Mike Clancy, the current President, will transition into retirement and his son Paul will assume the role.  The Clancys and their staff will continue to operate the brokerage under the F. Wallace Clancy & Son Limited name and plans are to continue operating the Clancy office in downtown Toronto.

The F. Wallace Clancy & Son insurance brokerage has been in business for over 100 years and is a 4th – generation “Clancy” run brokerage in Toronto.  “We’re delighted to have the Clancy brokerage join our business,” said Larry Later. “They have a very strong business with terrific assets and we look forward to working with Mike, Paul and the team and giving them access to the skills and expertise within CG&B Group to grow and expand.”

This will be the 15th acquisition made by The CG&B Group in the last 13 years. With the inclusion of this acquisition, CG&B will have over 200 employees, and $180m annual premium volume.

About CG&B

The CG&B Group Inc. is a full-service insurance brokerage offering all lines of Property and Casualty insurance, as well as Life, Group, Health, and Accident and Sickness insurance with offices in Markham, Mississauga and now Toronto.  The Financial Services and Investments Divisions also provide access to personal financial planning and wealth management services including mutual funds and other investment services.

For further information:

H. Larry Later, President and C.E.O.

The CG&B Group

(905) 305-5930