M&A Deal Summary

Navacord Acquires Belay Advisory

On July 20, 2023, Navacord acquired business services company Belay Advisory

Acquisition Highlights
  • This is Navacord’s 5th transaction in the Business Services sector.
  • This is Navacord’s 22nd transaction in Canada.
  • This is Navacord’s 5th transaction in Alberta.

M&A Deal Summary
Date 2023-07-20
Target Belay Advisory
Sector Business Services
Buyer(s) Navacord
Deal Type Add-on Acquisition

Target

Belay Advisory

Edmonton, Alberta, Canada
Belay Advisory is a benefits consulting and wealth advisory company. Belay Advisory was founded in 1998 and is based in Edmonton, Alberta.

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Buyer(S) 1

Buyer

Navacord

Toronto, Ontario, Canada
Category Company
Sector Insurance
DESCRIPTION

Navacord is a national insurance brokerage offering risk management and consulting solutions including property & casualty, employee benefits, loss control, claims management, surety and personal lines. Navacord was formed in 2014 and is headquartered in Toronto, Ontario.

DEAL STATS #
Overall 22 of 24
Sector (Business Services) 5 of 5
Type (Add-on Acquisition) 21 of 23
State (Alberta) 5 of 5
Country (Canada) 22 of 24
Year (2023) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-29 Mitchell McConnell

Saint John, New Brunswick, Canada

Mitchell McConnell provides brokerage risk management services, property and casualty insurance, and life and accident coverage. Mitchell McConnell was founded in 1927 and is based in Saint John, New Brunswick.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-31 Medi-Quote

Winnipeg, Manitoba, Canada

Medi-Quote specializes in travel and medical insurance, with a large portion of its business focused on individual health and dental coverage as well. Medi-Quote was formed in 1994 and is based in Winnipeg, Manitoba.

Buy -
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