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New Deal


Announced

Westland Insurance to acquire Innovation Credit Union's insurance brokerage business.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

insurance

Single Bidder

Domestic

Insurance Brokers

Private

Acquisition

Majority

Canada

Friendly

Synopsis

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Westland Insurance Group, an insurance brokerage company, agreed to acquire insurance brokerage business of Innovation Credit Union, a Canadian credit union. Financial terms were not disclosed. “We are delighted to be expanding Westland’s presence in Saskatchewan. The insurance brokers of Innovation Credit Union are deeply rooted in their communities, they truly care about their clients’ needs, and they are a great addition to our existing presence in Saskatchewan,” Jason Wubs, Westland Insurance CEO.

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