M&A Deal Summary

Westland Insurance Acquires Smith Insurance Service

On August 8, 2024, Westland Insurance acquired insurance company Smith Insurance Service

Acquisition Highlights
  • This is Westland Insurance’s 57th transaction in the Insurance sector.
  • This is Westland Insurance’s 60th transaction in Canada.
  • This is Westland Insurance’s 14th transaction in Alberta.

M&A Deal Summary
Date 2024-08-08
Target Smith Insurance Service
Sector Insurance
Buyer(s) Westland Insurance
Deal Type Add-on Acquisition

Target

Smith Insurance Service

Alberta, Canada
Smith Insurance Service is a P&C brokerage serving clients with their home, auto, farm, and business insurance needs.

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Buyer(S) 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 STATS #
Overall 60 of 60
Sector (Insurance) 57 of 57
Type (Add-on Acquisition) 59 of 59
State (Alberta) 14 of 14
Country (Canada) 60 of 60
Year (2024) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-08 Alberta Best Insurance

Beaumont, Alberta, Canada

Alberta Best Insurance is a property and casualty brokerage that helps clients find the insurance solutions that best suit their needs. Alberta Best Insurance is based in Beaumont, Alberta.

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