Navacord enters new province with latest M&A deal
August 18, 2022 by Jason ContantNavacord Corp. has entered into a new province with the acquisition of Winnipeg-based ONYX Financial Group. ONYX’s portfolio encompasses benefits consulting and wealth management services, “and they have fortified a well-known presence within Manitoba and [northwestern] Ontario because of their…
What Navacord’s 15th deal of the year brought into the fold
July 26, 2022 by Jason ContantNavacord Corp. has completed its 15th M&A deal of the year, this one involving a large commercial brokerage known for its risk management expertise with automotive dealerships. Navacord’s latest partnership is with Ottawa-based Binks Insurance Brokers Limited. Founded in 1918,…
Top 4 brokerage steps into new province with acquisition
March 8, 2022 by Jason ContantFounding Navacord broker partner Jones DesLauriers has announced Navacord’s inaugural partnership in Quebec with the addition of Abatis Risk Management (Abatis Gestion de Risques inc.) to its ranks. “The addition of Abatis deepens the Jones DesLauriers’ commercial bench strength, further…
Large brokerage makes fourth acquisition in 2022
February 18, 2022 by Jason ContantNavacord Corp. is expanding its reach in northern Alberta with the addition of Stone Insurance Brokers. Based in Manning, Alta., Stone Insurance Brokers services clients across northern Alberta and British Columbia, specializing in forestry, farming, transportation and oil and gas. …
Top 5 Canadian brokerage just got bigger
January 10, 2022 by Alyssa DiSabatinoNavacord Corp. has just partnered with Group Lockhart Inc., PGI Financial, and Maritime Group Benefits. Navacord’s brokerages offer commercial and personal insurance, surety, employee benefits, and retirement consulting. Ontario-based Group Lockhart Inc. and PGI Financial specialize in local small- to…
Large Canadian brokerages grow larger through acquisitions
November 5, 2021 by Jason ContantTwo large Canadian property and casualty brokerages — Navacord and Westland Insurance — continue to grow with the announcement of their latest acquisitions in Ontario and Manitoba. On Thursday, commercial brokerage Navacord Corp. said it added Ontario-based brokerages Ives Insurance…
Canadian brokerage space sees partnership, integration of brands
November 2, 2021 by Jason ContantOntario brokerage StoneRidge Insurance Brokers (SIB) has entered into a partnership with Underwriters Alliance, Inc. (UAI) to expand its service offering in group benefits and human resources services. In another announcement, large brokerage Navacord said it had completed the integration…
New M&A deals involve Westland, Armour Group
September 9, 2021 by Jason ContantAfter a brief lull in mergers and acquisitions activity, the Canadian P&C insurance space has seen a surge in recent announcements. Large Canadian-owned brokerage Westland Insurance Group Ltd. said on Tuesday it had acquired two Alberta brokerages: Riverstone Insurance in…
M&A growth sets Navacord on course for $3 billion in premium
June 10, 2021 by Jason ContantNavacord Corp. has finalized a record number of brokerage acquisitions in one month, with four deals already closed across the country in June. The latest transactions represent a total of 18 new locations and over 430 employees. More deals are…
Navacord builds up war chest to finance future M&A
April 6, 2021 by Greg MeckbachNavacord has built up a sizeable war chest to fund future mergers and acquisitions. The Toronto-based group of brokerages recently completed $1.05 billion in financing, a portion of which is to be used to take advantage of unspecified “M&A opportunities,”…
Deal Tracker: The latest in brokerage M&A
February 4, 2021 by Jason ContantThe number of mergers and acquisitions in the Canadian P&C insurance space (mostly involving brokerages) has hit double digits already this year, with two large brokerages contributing to the latest round of deal-making. Hub International announced Tuesday that it had…
Navacord expands east into three more provinces
July 7, 2020 by Greg MeckbachWith four new partnerships announced July 6, commercial brokerage Navacord now has offices in Prince Edward Island, Nova Scotia and New Brunswick. “We are now coast to coast,” Navacord executive chairman T. Marshall Sadd said Monday in an interview. Cooke…