M&A Deal Summary

Axis Insurance Acquires BMG Insurance Brokers

On June 15, 2022, Axis Insurance acquired insurance company BMG Insurance Brokers

Acquisition Highlights
  • This is Axis Insurance’s 1st transaction in the Insurance sector.
  • This is Axis Insurance’s 1st transaction in Canada.
  • This is Axis Insurance’s 1st transaction in Alberta.

M&A Deal Summary
Date 2022-06-15
Target BMG Insurance Brokers
Sector Insurance
Buyer(s) Axis Insurance
Deal Type Add-on Acquisition

Target

BMG Insurance Brokers

Calgary, Alberta, Canada
BMG Insurance Brokers is an insurance brokerage firm, specializing in aviation and aerospace risks, recognized, and respected nationally and internationally, for delivering a high level of knowledge, service, and support to their clients and to the industry as a whole. BMG Insurance Brokers is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Axis Insurance

Vancouver, British Columbia, Canada
Category Company
Founded 2010
Sector Insurance
Employees150
DESCRIPTION

Axis Insurance serves local, national, and international clients with risk management and insurance services. Axis professionals analyze business and personal risk to provide advice and solutions to mitigate, reduce or transfer those risks. Axis Insurance was founded in 2010 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 2
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-22 Magnes

Oakville, Ontario, Canada

Magnes is an independent insurance brokerage specializing in commercial insurance, personal insurance, and life and employee benefits. Magnes was formed in 1993 and is based in Oakville, Ontario.

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