Announced
Completed
Synopsis
Empire Life, a life insurance and financial services company, completed the acquisition of TruStone Financial, a 6 financial services firms. Financial terms were not disclosed. "Empire Life has enjoyed long-standing, solid business relationships with all of the parties involved. We share the same deep belief in and commitment to independent financial advice and the critical role it plays in helping Canadians select the financial products and solutions that best match their needs. The TruStone team is highly experienced with a proven track record of revenue growth. TruStone Financial Inc. will run as an independent MGA with full control over its day-to-day operations," Mark Sylvia, Empire Life President and CEO.
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