M&A Deal Summary

Intact Acquires Grey Power Insurance Brokers

On April 3, 2006, Intact acquired insurance company Grey Power Insurance Brokers

Acquisition Highlights
  • This is Intact’s 2nd transaction in the Insurance sector.
  • This is Intact’s 2nd transaction in Canada.
  • This is Intact’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2006-04-03
Target Grey Power Insurance Brokers
Sector Insurance
Buyer(s) Intact
Deal Type Add-on Acquisition

Target

Grey Power Insurance Brokers

Stouffville, Ontario, Canada
website
Grey Power Insurance Brokers, Inc. is a provider of home, automobile and travel insurance needs of those 50 years of age and older.

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Buyer(S) 1

Buyer

Intact

Toronto, Ontario, Canada

website

Category Company
Founded 1809
Sector Insurance
Employees28,500
Revenue 17.5B CAD (2021)
DESCRIPTION

Intact is a provider of property and casualty insurance in Canada with $7.3 billion in premiums. Intact was founded in 1809 and is based in Toronto, Canada.

DEAL STATS #
Overall 2 of 11
Sector (Insurance) 2 of 11
Type (Add-on Acquisition) 2 of 8
State (Ontario) 2 of 5
Country (Canada) 2 of 8
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-01 Equisure Financial Network

Toronto, Ontario, Canada

Equisure Financial Network, Inc. is a provider of insurance and financial service brokerage networks in Canada.

Buy $136M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-26 AXA Canada

Montreal, Quebec, Canada

AXA Canada Inc. is a provider of home, auto and business insurance in the country through a network of 1,300 brokerages and 2,700 independent insurance advisors.

Buy $2.6B
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