M&A Deal Summary

Co-Operators General Insurance Acquires Drost Insurance Brokerage

On November 3, 2014, Co-Operators General Insurance acquired insurance company Drost Insurance Brokerage

Acquisition Highlights
  • This is Co-Operators General Insurance’s 1st transaction in the Insurance sector.
  • This is Co-Operators General Insurance’s 1st transaction in Canada.
  • This is Co-Operators General Insurance’s 1st transaction in New Brunswick.

M&A Deal Summary

Date 2014-11-03
Target Drost Insurance Brokerage
Sector Insurance
Buyer(s) Co-Operators General Insurance
Deal Type Add-on Acquisition

Target

Drost Insurance Brokerage

Bath, New Brunswick, Canada
Drost Insurance Brokerage is a provider of insurance brokerage and advisory services.

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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 1 of 12
Sector (Insurance) 1 of 11
Type (Add-on Acquisition) 1 of 11
State (New Brunswick) 1 of 1
Country (Canada) 1 of 12
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-06 L Union Canadienne Compagnie d Assurances

Sillery,, Quebec, Canada

L'Union Canadienne, Compagnie d'Assurances is a provider of property and casualty insurance for individuals and businesses.

Sell CA$150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-07 Bill Hartley Insurance Services

Victoria,, British Columbia, Canada

Bill Hartley Insurance Services is a provider of home, auto, farm and commercial insurance policies services and products.

Buy -