Add-on Acquisition • Insurance

Co-Operators General Insurance Co. Acquires Drost Insurance Brokerage

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

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

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M&A Deal Summary

Date November 3, 2014
Target Drost Insurance Brokerage
Sector Insurance
Buyer(s) Co-Operators General Insurance Co.
Deal Type Add-on Acquisition

Target Company

Drost Insurance Brokerage

Bath, New Brunswick, Canada
Drost Insurance Brokerage is a provider of insurance brokerage and advisory services.
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Buyer Overview 1

Buyer

Co-Operators General Insurance Co.

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 Context for Buyer #
Overall 1 of 13
Sector: Insurance 1 of 12
Type: Add-on Acquisition 1 of 12
State: New Brunswick 1 of 1
Country: Canada 1 of 13
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 -