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New Deal


Announced

Completed

OTPP completed the investment in Westland Insurance Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
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One Off Charge-

Tags

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Insurance Brokers

Canada

insurance brokerage

Friendly

Single Bidder

Acquisition

Domestic

Private

Minority

Private Equity

Completed

Synopsis

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Ontario Teachers’ Pension Plan, a pension fund company, completed the investment in Westland Insurance Group, an independent insurance broker. Financial terms were not disclosed. “We’re very excited to partner with Ontario Teachers’ and BroadStreet on Westland’s future growth. Most importantly, our new partners share our values and long-term vision. This partnership provides us with the capital needed to continue investing in our business and delivering market leading insurance solutions to more Canadians. With the support of Ontario Teachers’ and BroadStreet, we’ll further expand Westland’s presence coast-to-coast and continue our journey to become Canada’s favourite insurance broker," Jamie Lyons, Westland Insurance President & CEO.

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