Madison Dearborn Partners-backed Navacord completed the merger with Acera Insurance.

Madison Dearborn Partners-backed Navacord, a leading Canadian insurance brokerage, completed the merger with Acera Insurance, Canada’s largest independent employee-controlled brokerage. Financial terms were not disclosed. “By combining our business with Navacord, we’re accelerating what we set out to achieve as Acera Insurance: becoming the leading Canadian brokerage for the benefit of our clients, employees and communities,” Lee Rogers, Acera Insurance CEO.