M&A Deal Summary

StoneRidge Insurance Brokers Acquires Astro Insurance

On June 5, 2024, StoneRidge Insurance Brokers acquired insurance company Astro Insurance

Acquisition Highlights
  • This is StoneRidge Insurance Brokers’ 5th transaction in the Insurance sector.
  • This is StoneRidge Insurance Brokers’ 5th transaction in Canada.
  • This is StoneRidge Insurance Brokers’ 1st transaction in Alberta.

M&A Deal Summary
Date 2024-06-05
Target Astro Insurance
Sector Insurance
Buyer(s) StoneRidge Insurance Brokers
Deal Type Add-on Acquisition

Target

Astro Insurance

Lethbridge, Alberta, Canada
Astro Insurance provides comprehensive insurance & registry services. Astro Insurance is based in Lethbridge, Alberta.

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Buyer(S) 1

Buyer

StoneRidge Insurance Brokers

Ancaster, Ontario, Canada
Category Company
Founded 1945
Sector Insurance
DESCRIPTION

StoneRidge Insurance Brokers is an insurance brokerage and managing general agent focused on commercial and specialty personal insurance lines. StoneRidge Insurance Brokers was founded in 1945 and is based in Ancaster, Ontario.

DEAL STATS #
Overall 5 of 5
Sector (Insurance) 5 of 5
Type (Add-on Acquisition) 5 of 5
State (Alberta) 1 of 1
Country (Canada) 5 of 5
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-08 Seymour Fair Insurance

St. Catharines, Ontario, Canada

Seymour Fair Insurance is a full-service insurance brokerage operating in Ontario. Seymour Fair Insurance was formed in 2008 and is based in St. Catharines, Ontario.

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