M&A Deal Summary

Co-Operators General Insurance Acquires Assurances Oligny

On January 17, 2023, Co-Operators General Insurance acquired insurance company Assurances Oligny

Acquisition Highlights
  • This is Co-Operators General Insurance’s 11th transaction in the Insurance sector.
  • This is Co-Operators General Insurance’s 12th transaction in Canada.
  • This is Co-Operators General Insurance’s 3rd transaction in Quebec.

M&A Deal Summary
Date 2023-01-17
Target Assurances Oligny
Sector Insurance
Buyer(s) Co-Operators General Insurance
Deal Type Add-on Acquisition

Target

Assurances Oligny

Saint-Jean-sur-Richelieu, Quebec, Canada
Assurances Oligny is an insurance company that provides the sale and service of insurance for individuals and businesses. The company's services include car insurance, home insurance, agriculture insurance, recreation insurance, and business insurance. Assurances Oligny was formed in 1959 and is based in Saint-Jean-sur-Richelieu, Quebec.

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Buyer(S) 1

Buyer

Co-Operators General Insurance

Guelph,, Ontario, Canada
Category Company
Sector Insurance
Employees2,382
DESCRIPTION

Co-Operators General Insurance Company is a Canadian owned and operated company with more than $38 billion in assets under administration. Company insure over two million people Canada-wide. Company are active corporate members of our communities, a catalyst for a sustainable society and a true home-grown champion with strong co-operative roots.

DEAL STATS #
Overall 12 of 12
Sector (Insurance) 11 of 11
Type (Add-on Acquisition) 11 of 11
State (Quebec) 3 of 3
Country (Canada) 12 of 12
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-03 SEB

Mississauga, Ontario, Canada

SEB is an insurance broker and technology provider utilizing its fully integrated administration adjudication claims paying reporting software platform to provide “totally hosted PCI compliant modular solutions” for managing portions or all of the complete group benefits business processes between insurers, clients, brokers, consultants, technology service providers and healthcare service providers. SEB is based in Mississauga, Canada.

Buy $89M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Technicost

Laval, Quebec, Canada

Technicost is a technology company that offers unmatched service, unprecedented support, and innovative software solutions. It provides credit software to more than 40 Canadian financial institutions and cooperatives across Canada - including the core TechLOS loan origination system (LOS) solutions – in use at credit unions across the country. Technicost was formed in 1982 and is based in Laval, Quebec.

Sell -
Mergr

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Company

Legal