M&A Deal Summary

Johnson Acquires Morgex Insurance Group

On October 6, 2005, Johnson acquired insurance company Morgex Insurance Group for 45M CAD

Acquisition Highlights
  • This is Johnson’s 1st transaction in the Insurance sector.
  • This is Johnson’s 0th largest (disclosed) transaction.
  • This is Johnson’s 1st transaction in Canada.
  • This is Johnson’s 1st transaction in Alberta.

M&A Deal Summary

Date 2005-10-06
Target Morgex Insurance Group
Sector Insurance
Buyer(s) Johnson
Deal Type Add-on Acquisition
Deal Value 45M CAD

Target

Morgex Insurance Group

Edmonton, Alberta, Canada
Morgex Insurance Group, a insurance broker and a major player in the personal and commercial market in Alberta.

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Buyer(S) 1

Buyer

Johnson

St. John's, Newfoundland, Canada

Category Company
Founded 1880
Sector Insurance
DESCRIPTION

Johnson Inc. is a provider of auto and home insurance products, and plan benefits in Canada.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2005 M&A 1 of 1