M&A Deal Summary

StoneRidge Insurance Brokers Acquires Safeway

On November 28, 2022, StoneRidge Insurance Brokers acquired insurance company Safeway

Acquisition Highlights
  • This is StoneRidge Insurance Brokers’ 3rd transaction in the Insurance sector.
  • This is StoneRidge Insurance Brokers’ 3rd transaction in Canada.
  • This is StoneRidge Insurance Brokers’ 3rd transaction in Ontario.

M&A Deal Summary
Date 2022-11-28
Target Safeway
Sector Insurance
Buyer(s) StoneRidge Insurance Brokers
Deal Type Add-on Acquisition

Target

Safeway

Richmond Hill, Ontario, Canada
Safeway specializes in providing the consumer with a large selection of property casualty insurance products along with a variety of financial products such as life insurance and investment options. Safeway was formed in 1966 and is based in Richmond Hill, Ontario.

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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 3 of 5
Sector (Insurance) 3 of 5
Type (Add-on Acquisition) 3 of 5
State (Ontario) 3 of 4
Country (Canada) 3 of 5
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-02 Generations Insurance

Scarborough, Ontario, Canada

Generations Insurance is a full-service insurance brokerage company that provides a suite of personal and commercial offerings with the goal of providing the information and products needed for a customer to make informed decisions at competitive prices. Generations Insurance was founded in 1999 and is based in Scarborough, Ontario.

Buy -
FOLLOWING 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.

Buy -
Mergr

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