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Western Financial Group plans to buy B.C. insurance agencies


December 1, 2006   by Canadian Underwriter


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Western Financial Group has announced it intends to acquire Geer Spice Insurance Agencies Ltd., Northland Insurance Services Ltd., J.W. Baker Insurance Agencies Inc. and Pomeroy Insurance Services Ltd.
The transactions are expected to close in January 2007. All of the planned acquisitions are located in northern B.C.
“These communities are vibrant centres for growth and activity in B.C.,” said Scott Tannas, president and CEO of Western Financial Group. “We are determined to build on the strong base of customers, employees and locations now established.”
The company also plans to purchase the remaining 75% of Northcountry Insurance Agencies Ltd. for its partners.
The move is part of an ongoing acquisitions strategy by Western Financial Group. In early October, they bought insurance brokerages Thomsen Fisher Agencies and Willow Creek Agencies in Alberta.
The company recently announced in a Nov. 28 press release that they closed a Cdn$23.1-million share offering “to fund future acquisitions.”
Western Financial Group has announced it intends to acquire Geer Spice Insurance Agencies Ltd., Northland Insurance Services Ltd., J.W. Baker Insurance Agencies Inc. and Pomeroy Insurance Services Ltd.
The transactions are expected to close in January 2007. All of the planned acquisitions are located in northern B.C.
“These communities are vibrant centres for growth and activity in B.C.,” said Scott Tannas, president and CEO of Western Financial Group. “We are determined to build on the strong base of customers, employees and locations now established.”
The company also plans to purchase the remaining 75% of Northcountry Insurance Agencies Ltd. for its partners.
The move is part of an ongoing acquisitions strategy by Western Financial Group. In early October, they bought insurance brokerages Thomsen Fisher Agencies and Willow Creek Agencies in Alberta.
The company recently announced in a Nov. 28 press release that they closed a Cdn$23.1-million share offering “to fund future acquisitions.”


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