M&A Deal Summary

Westland Insurance Acquires First West Insurance Services

On August 22, 2019, Westland Insurance acquired insurance company First West Insurance Services from First West Credit Union

Acquisition Highlights
  • This is Westland Insurance’s 3rd transaction in the Insurance sector.
  • This is Westland Insurance’s 3rd transaction in Canada.
  • This is Westland Insurance’s 2nd transaction in British Columbia.

M&A Deal Summary
Date 2019-08-22
Target First West Insurance Services
Sector Insurance
Buyer(s) Westland Insurance
Sellers(s) First West Credit Union
Deal Type Divestiture

Target

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.

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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 3 of 61
Sector (Insurance) 3 of 58
Type (Divestiture) 1 of 1
State (British Columbia) 2 of 8
Country (Canada) 3 of 61
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-05 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Dick Agencies Insurance Brokers

Brandon, Manitoba, Canada

Dick Agencies Insurance Brokers is an independent insurance broker. Dick Agencies Insurance Brokers was founded in 1948 and is based in Brandon, Manitoba.

Buy -

Seller(S) 1

SELLER

First West Credit Union

Langley, British Columbia, Canada
Category Company
Founded 2010
Sector Financial Services
DESCRIPTION

First West Credit Union is a provider of financial products. First West Credit Union was founded in 2010 and is based in Langley, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
Mergr

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