M&A Deal Summary

Navacord Acquires Mitchell McConnell

On June 29, 2023, Navacord acquired insurance company Mitchell McConnell

Acquisition Highlights
  • This is Navacord’s 17th transaction in the Insurance sector.
  • This is Navacord’s 21st transaction in Canada.
  • This is Navacord’s 2nd transaction in New Brunswick.

M&A Deal Summary
Date 2023-06-29
Target Mitchell McConnell
Sector Insurance
Buyer(s) Navacord
Deal Type Add-on Acquisition

Target

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.

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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 21 of 24
Sector (Insurance) 17 of 19
Type (Add-on Acquisition) 20 of 23
State (New Brunswick) 2 of 2
Country (Canada) 21 of 24
Year (2023) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-24 RWAM Insurance Administrators

Elmira, Ontario, Canada

RWAM Insurance Administrators is a third-party administrator of group insurance benefits and has grown to service and provide protection to over 250,000 Canadians from coast to coast. It provides underwriting, real-time claim adjudication and payment, administrative support, disability case management, and premium billing and collecting services. RWAM Insurance Administrators was formed in 1988 and is based in Elmira, Ontario.

Buy -
FOLLOWING 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 -
Mergr

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