M&A Deal Summary

Navacord Acquires Medi-Quote

On July 31, 2023, Navacord acquired insurance company Medi-Quote

Acquisition Highlights
  • This is Navacord’s 18th transaction in the Insurance sector.
  • This is Navacord’s 23rd transaction in Canada.
  • This is Navacord’s 1st transaction in Manitoba.

M&A Deal Summary
Date 2023-07-31
Target Medi-Quote
Sector Insurance
Buyer(s) Navacord
Deal Type Add-on Acquisition

Target

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.

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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 23 of 24
Sector (Insurance) 18 of 19
Type (Add-on Acquisition) 22 of 23
State (Manitoba) 1 of 1
Country (Canada) 23 of 24
Year (2023) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-20 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 Harbord Insurance

Victoria, British Columbia, Canada

Harbord Insurance provides a full range of insurance products. Harbord Insurance was founded in 1947 and is based in Victoria, British Columbia.

Buy -
Mergr

Product

Company

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