Divestiture • Business Services

Navacord Acquires Owens MacFadyen Group - Group Benefits & Pension Division

On June 10, 2021, Navacord acquired business services company Owens MacFadyen Group - Group Benefits & Pension Division from OMG

Acquisition Context
  • This is Navacord’s 2nd transaction in the Business Services sector.
  • This is Navacord’s 8th transaction in Canada.
  • This is Navacord’s 1st transaction in Nova Scotia.

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M&A Deal Summary

Date June 10, 2021
Target Owens MacFadyen Group - Group Benefits & Pension Division
Sector Business Services
Buyer(s) Navacord
Sellers(s) OMG
Deal Type Divestiture

Target Company

Owens MacFadyen Group - Group Benefits & Pension Division

Halifax, Nova Scotia, Canada
OMG's Benefits and Pension Consulting business provides Delivering Prudent Advice and Proven Results to Businesses.
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Buyer Overview 1

Buyer

Navacord

Toronto, Ontario, Canada

Category Company
Founded 2014
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 Context for Buyer #
Overall 8 of 24
Sector: Business Services 2 of 5
Type: Divestiture 1 of 1
State: Nova Scotia 1 of 1
Country: Canada 8 of 24
Year: 2021 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 Ing & McKee

Red Deer, Alberta, Canada

Ing & McKee is a provider of insurance for families and businesses. Our brokers work with top-rated insurance companies to find the best coverage to fit your needs and budget. Ing & McKee was founded in 1965 and is based in Red Deer, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 C&C Insurance

Komoka, Ontario, Canada

C&C Insurance specializes in the research, development, packaging, and marketing of niche insurance products. C&C Insurance was founded in 1982 and is based in Komoka, Ontario.

Buy -

Seller Profile 1

SELLER

OMG

Halifax, Nova Scotia, Canada

Category Company
Founded 1994
Sector Business Services
DESCRIPTION

OMG is a boutique Wealth Management and Benefits Consulting Firm. OMG Wealth Management specializes in Comprehensive Income, Estate, Financial, Investment, Succession, and Philanthropic Planning for high net worth professionals. OMG Benefits Consulting specializes in Employee Benefits and Pensions Services Consulting for over 500 Small and Medium-Sized Enterprises throughout Atlantic Canada and Ontario. OMG was founded in 1994 and is based in Halifax, Nova Scotia.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Nova Scotia 1 of 1
Country: Canada 1 of 1
Year: 2021 1 of 1