Westland Insurance coverage, an independently owned brokerage in Canada, has bought Andrew Businesses for an undisclosed sum.
The deal is predicted to additional broaden the attain of Westland in central Canada.
Based in 1913, Andrew Businesses is a full-service insurance coverage and monetary providers firm within the Prairies.
It function 22 places throughout Manitoba, Saskatchewan, and Alberta provinces.
Andrew Businesses primarily focuses on insurance coverage merchandise and professionalised providers throughout small to medium-sized industrial and auto companies, householders, and agriculture / farm homeowners.
Commenting on the deal, Westland president and CEO Jamie Lyons mentioned: “We’re thrilled to welcome Andrew Businesses to Westland.
“Their tradition, status, management and spectacular monitor report of development and innovation are extremely complementary to our nationwide enlargement technique. We’re excited so as to add their deep capabilities in P&C insurance coverage, in addition to life insurance coverage and monetary providers, to our rising platform in Central Canada.”
Dowling Hales served as monetary adviser to Andrew Businesses within the deal.
Andrew Businesses president and CEO Scott Andrew mentioned: “Andrew Businesses could be very excited to affix the Westland crew. We’ve adopted Westland’s progress over time, they usually have an analogous administration philosophy to ours. In addition they have stable insurance coverage business household roots – identical to the Andrew household.
“Andrew Businesses has served a rising shopper base since 1913 and we’re optimistic for the alternatives this acquisition presents to our purchasers, together with expanded services, and the alternatives it brings for our staff. Westland’s latest capital partnership with Ontario Lecturers’ Pension Plan additionally makes it a ‘made in Canada resolution’ which we totally assist.”
Westland additionally famous that its plans to additional develop its enterprise in Canada by making related strategic acquisitions in future.
