Announced
Completed
Financials
Tags
Insurance Brokers
Canada
insurance brokerage
Friendly
Single Bidder
Acquisition
Domestic
Private
Minority
Private Equity
Completed
Synopsis
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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