BrokerLink starts the month with 3 new M&A deals
BrokerLink continues to expand into Ontario and Alberta with the acquisition of three additional brokerages in those provinces.
The Intact Financial Corporation subsidiary acquired DG Smith Insurance Brokers and Teck Insurance Brokers Limited (both based in Ontario) and Robinson Insurance Center of Alberta, all of which closed on November 1.
“The three acquisitions allow BrokerLink to contribute to additional communities and offer tailored insurance solutions to meet the needs of new and existing customers,” BrokerLink said in a press release.
Founded in 1981 and based in Uxbridge, Ontario, DG Smith Insurance offers a wide range of products including home, auto, motorcycle, business, commercial liability and farm insurance. Employees will continue to serve their community as part of BrokerLink.
Teck Insurance has been serving Kirkland Lake and surrounding communities in Northern Ontario – from Temiskaming Shores to Timmins – since 1960. The brokerage offers a variety of personal and commercial insurance including home (and home business), auto , renters, cottage and seasonal properties, motorcycle, recreational vehicle, aviation, farm, forestry and mining, among others.
For its part, Robinson Insurance has served Redcliff, Medicine Hat and surrounding areas of southern Alberta for 25 years. Robinson Insurance offers home, auto, business, renters and condominium insurance.
“We admire the strong ties these brokerages have in their communities and are excited to welcome our newest team members to the BrokerLink family,” BrokerLink Vice President of Acquisitions Michael Stack said in the release. . “We plan to continue to build relationships in Uxbridge, Kirkland Lake, Redcliff and outlying communities, while extending our knowledge and expertise to new and existing clients.”
Not counting the last three acquisitions, BrokerLink has already acquired 20 other brokerages This year. The most recent (effective October 1) were Ontario brokerages L&M Dallaire Insurance Ltd. and Cryderman Insurance Brokers Ltd., both of which offer personal and commercial insurance.
Other brokerages include:
- Alberta: Crowsnest Insurance, Bow Valley Insurance, Tailor Made Insurance and Maple Insurance
- Ontario: DPM Insurance Group, Blair Insurance, A&A Insurance, Greg Kelly Insurance, Rice Inc., Nickel City Insurance Brokers, Atto & Associates Insurance, Insurance Executives, Goodison Insurance, JW Davis Insurance Brokers and Kuhn & Associates Insurance and Financial Services.
- Atlantic Canada: McTague Insurance, Bluenose Insurance and Current Maritime.
BrokerLink is one of Canada’s largest P&C brokerages with over 3,000 employees and over 200 branches across the country.
Featured image by iStock.com/alphaspirit