M&A Deal Summary

Westland Insurance Acquires Hyndman Insurance

On December 6, 2022, Westland Insurance acquired insurance company Hyndman Insurance

Acquisition Highlights
  • This is Westland Insurance’s 32nd transaction in the Insurance sector.
  • This is Westland Insurance’s 34th transaction in Canada.
  • This is Westland Insurance’s 1st transaction in Prince Edward Island.

M&A Deal Summary
Date 2022-12-06
Target Hyndman Insurance
Sector Insurance
Buyer(s) Westland Insurance
Deal Type Add-on Acquisition

Target

Hyndman Insurance

Charlottetown, Prince Edward Island, Canada
website
Hyndman Insurance is a provider of a full range of insurance services. Hyndman Insurance was founded in 1872 and is based in Charlottetown, Prince Edward Island.

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Buyer(S) 1

Buyer

Westland Insurance

Surrey, British Columbia, Canada

website

Category Company
Founded 1980
Sector Insurance
DESCRIPTION

Westland Insurance is an innovator, engages in personal and commercial insurance products. Westland Insurance was founded in 1980 and is based in Surrey, British Columbia.

DEAL STATS #
Overall 34 of 54
Sector (Insurance) 32 of 51
Type (Add-on Acquisition) 33 of 53
State (Prince Edward Island) 1 of 1
Country (Canada) 34 of 54
Year (2022) 14 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Palmer Salmon Insurance

Calgary, Alberta, Canada

Palmer Salmon Insurance provides a full range of insurance services, based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-08 Gateway Insurance Group

Halifax, Nova Scotia, Canada

Gateway Insurance Group is an operator of an insurance company, bringing detailed risk assessment and tailored coverage to thousands of residential and commercial customers every year. Gateway Insurance Group is based in Halifax, Nova Scotia.

Buy -
Mergr

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