M&A Deal Summary

EFH Acquires The Insurance Company Of Prince Edward Island

On March 28, 2014, EFH acquired insurance company The Insurance Company Of Prince Edward Island from SGI Canada

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

M&A Deal Summary

Date 2014-03-28
Target The Insurance Company Of Prince Edward Island
Sector Insurance
Buyer(s) EFH
Sellers(s) SGI Canada
Deal Type Divestiture

Target

The Insurance Company Of Prince Edward Island

Regina, Saskatchewan, Canada
The Insurance Company of Prince Edward Island is the largest Maritime province based insurer in Canada which provides automobile, home and commercial insurance through a network of independent insurance brokers.

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Buyer(S) 1

Buyer

EFH

Mississauga, Ontario, Canada

Category Company
Founded 1997
Sector Insurance
Employees255
Revenue 42M CAD (2020)
DESCRIPTION

EFH is a specialty property and casualty insurance company operating in Canada and Europe. The company focuses on non-standard automobile insurance and other specialty insurance lines. EFH was founded in 1997 and is based in Mississauga, Canada.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

SGI Canada

Regina,, Saskatchewan, Canada

Category Company
Sector Insurance
DESCRIPTION

SGI CANADA sells property and casualty insurance in four provinces. It operates as SGI CANADA in Saskatchewan, Alberta and Manitoba, and Coachman Insurance Company in Ontario. It sells its products exclusively through independent insurance brokers in all jurisdictions.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1