M&A Deal Summary

Westland Insurance Acquires Farrell Agencies

On June 5, 2019, Westland Insurance acquired insurance company Farrell Agencies

Acquisition Highlights
  • This is Westland Insurance’s 2nd transaction in the Insurance sector.
  • This is Westland Insurance’s 2nd transaction in Canada.
  • This is Westland Insurance’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2019-06-05
Target Farrell Agencies
Sector Insurance
Buyer(s) Westland Insurance
Deal Type Add-on Acquisition

Target

Farrell Agencies

Yorkton, Saskatchewan, Canada
Farrell Agencies Ltd. is a privately-owned and operated general insurance office. Farrell Agencies has strategically evolved and expanded to consistently provide unmatched products and services to its customers. Putting customer’s needs first has resulted in a growing customer base which requires more employees to service our expanding trading area.

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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 2 of 61
Sector (Insurance) 2 of 58
Type (Add-on Acquisition) 2 of 60
State (Saskatchewan) 1 of 7
Country (Canada) 2 of 61
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-21 Metro Insurance Services

Surrey, British Columbia, Canada

Metro Insurance Services is a provider of insurance services and products and also company provides brokerage services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-22 First West Insurance Services

Langley, British Columbia, Canada

First West Insurance Services provides personal, auto and business insurance in British Columbia under three regional divisions: Envision Insurance in the Lower Mainland, Valley First Insurance in the Okanagan, Similkameen and Thompson valleys and Island Savings Insurance on Vancouver Island and the Gulf Islands.

Buy -
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