M&A Deal Summary

Financial Horizons Group Acquires Belec

On September 22, 2014, Financial Horizons Group acquired insurance company Belec

Acquisition Highlights
  • This is Financial Horizons Group’s 2nd transaction in the Insurance sector.
  • This is Financial Horizons Group’s 5th transaction in Canada.
  • This is Financial Horizons Group’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2014-09-22
Target Belec
Sector Insurance
Buyer(s) Financial Horizons Group
Deal Type Add-on Acquisition

Target

Belec

Edmonton, Alberta, Canada
Belec & Company Ltd. is an independent and locally-owned full service Managing General Agency (MGA) based in Edmonton, Alberta. Company offer insurance and financial product lines of premium quality from a number of highly-rated financial institutions.

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Buyer(S) 1

Buyer

Financial Horizons Group

Kitchener, Ontario, Canada
Category Company
Founded 1990
Sector Insurance
DESCRIPTION

Financial Horizons Group is a distributor of insurance products and other financial services in Canada. The Company consists of two business segments: Financial Horizons and Henderson Structured Settlements. Financial Horizons is a Managing General Agent that serves as the key conduit for independent insurance brokers to access a multitude of life insurance and financial investment products from various providers. Henderson Structured Settlements is an independent distributor of structured settlements, including tax-free, guaranteed annuities made available from five government-approved life insurance companies relating to compensatory damages for personal injury or death.

DEAL STATS #
Overall 5 of 7
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 5 of 7
State (Alberta) 2 of 2
Country (Canada) 5 of 7
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-22 Performance Financial Services

Saskatoon, Saskatchewan, Canada

Performance Financial Services Inc. is a Canadian financial services firm provides consultants a unique family of mutual funds and a comprehensive range of other investment products and financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-19 Excel Private Wealth

Sherbrooke, Quebec, Canada

Excel Private Wealth is a financial services firm. They are registered with the Autorité des marchés financiers (AMF) for group savings plans, scholarships and financial planning and exempt market.

Buy -
Mergr

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