Add-on Acquisition • Insurance

Westland Insurance Acquires Arrow Insurance

On October 1, 2022, Westland Insurance acquired insurance company Arrow Insurance

Acquisition Context
  • This is Westland Insurance’s 29th transaction in the Insurance sector.
  • This is Westland Insurance’s 31st transaction in Canada.
  • This is Westland Insurance’s 6th transaction in British Columbia.

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M&A Deal Summary

Date October 1, 2022
Target Arrow Insurance
Sector Insurance
Buyer(s) Westland Insurance
Deal Type Add-on Acquisition

Target Company

Arrow Insurance

Fort St. John, British Columbia, Canada
Arrow Insurance is a provider of a full range of insurance services. Arrow Insurance was founded in 1981 and is based in Fort St. John, British Columbia.
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Buyer Overview 1

Buyer

Westland Insurance

Surrey, British Columbia, Canada

Category Company
Founded 1980
Sector Insurance
DESCRIPTION

Westland Insurance is an innovator, engages in personal and commercial insurance products. Westland Insurance was founded in 1980 and is based in Surrey, British Columbia.


Deal Context for Buyer #
Overall 31 of 67
Sector: Insurance 29 of 64
Type: Add-on Acquisition 30 of 66
State: British Columbia 6 of 9
Country: Canada 31 of 67
Year: 2022 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-01 Emsland Insurance

Kamloops, British Columbia, Canada

Emsland Insurance is an insurance brokerage firm that offers general insurance services including coverage for Home, Property, Farm, Liability, Business, Commercial & Industrial Risks, Autoplan Insurance & Auto insurance for Commercial & Industrial enterprises. Emsland Insurance is based in Kamloops, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Palmer Salmon Insurance

Calgary, Alberta, Canada

Palmer Salmon Insurance provides a full range of insurance services, based in Calgary, Alberta.

Buy -