M&A Deal Summary

Navacord Acquires Maritime Benefits

On January 10, 2022, Navacord acquired insurance company Maritime Benefits

Acquisition Highlights
  • This is Navacord’s 11th transaction in the Insurance sector.
  • This is Navacord’s 15th transaction in Canada.
  • This is Navacord’s 1st transaction in New Brunswick.

M&A Deal Summary
Date 2022-01-10
Target Maritime Benefits
Sector Insurance
Buyer(s) Navacord
Deal Type Add-on Acquisition

Target

Maritime Benefits

Woodstock, New Brunswick, Canada
Maritime Benefits is a provider of retirement and benefit plan design. The company offers health insurance plans for individuals, businesses, and employees. Maritime Benefits is headquartered in Woodstock, New Brunswick.

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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 15 of 24
Sector (Insurance) 11 of 19
Type (Add-on Acquisition) 14 of 23
State (New Brunswick) 1 of 2
Country (Canada) 15 of 24
Year (2022) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Group Lockhart

London, Ontario, Canada

Group Lockhart is a provider of professional solutions to meet the human resources goals of clients to attract, reward, and retain quality employees. Group Lockhart's package of employee benefit services provides comprehensive financial protection through company-sponsored benefits and retirement plans to be competitive in the labor market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-17 Stone Insurance

Manning, Alberta, Canada

Stone Insurance is a third-generation, family-run commercial brokerage that specializes in forestry, farming, transportation, and oil and gas, and serves clients across Northern Alberta and British Columbia. Stone Insurance was founded in 1988 and is based in Manning, Alberta.

Buy -
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