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Jones Brown Inc. acquires Pearson Dunn Insurance


June 24, 2015   by Canadian Underwriter


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Jones Brown Inc.’s acquisition of Hamilton, Ontario-based Pearson Dunn Insurance Inc. for an undisclosed amount, designed to strengthen both businesses, will double business operations in southern Ontario.

Jones Brown’s Ontario business has solidified its footprint in the Golden Horseshoe, a population of more than 8 million people

By joining forces with Pearson Dunn, established in 1895, Jones Brown, a private Canadian insurance consulting and brokerage business, reports the combined firm will gain a strategic foothold to service clients in the Greater Toronto and Hamilton (GTHA), one of the most relevant business corridors with the strongest economy in Canada.

With the transaction, Jones Brown’s Ontario business has solidified its footprint in the Golden Horseshoe, a population of more than 8 million people, notes a statement from the company.

“Joining these two firms means a tremendous amount of opportunity, mostly to our valued clients as they now have an expanded physical presence for our service in Ontario, and equally so to our underwriting partners and employees,” comments John Hawkrigg, CEO of Jones Brown.

“Our synergies, expertise and reputation compliment each other and will create the foundation of our strategy to be the best privately held brokerage in the Canadian industry,” adds Pearson Dunn president George McCarter.

Jones Brown currently has offices in Vancouver, Calgary and Toronto, providing personal and commercial clients a full range of insurance products and services.

Pearson Dunn, for its part, has offices in Stoney Creek, Hamilton, Mississauga and Woodbridge. “We offer cost-effective insurance and risk management solutions that are tailored to fit your unique needs, and give you the reassurance of working with financially stable insurers in Canada and worldwide,” notes information posted on the brokerage’s website.

Toronto-based VRG Capital Corp. is a private equity firm focused on investing in companies needing capital for growth, buy-outs and mergers. “We believe in investing capital in good businesses with talented entrepreneurs who share our values of partnership and a desire to lead thriving and successful companies,” the company adds.


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