M&A Deal Summary

Westland Insurance Acquires Heritage Insurance

On February 9, 2023, Westland Insurance acquired insurance company Heritage Insurance

Acquisition Highlights
  • This is Westland Insurance’s 37th transaction in the Insurance sector.
  • This is Westland Insurance’s 39th transaction in Canada.
  • This is Westland Insurance’s 6th transaction in Saskatchewan.

M&A Deal Summary
Date 2023-02-09
Target Heritage Insurance
Sector Insurance
Buyer(s) Westland Insurance
Deal Type Add-on Acquisition

Target

Heritage Insurance

Moose Jaw, Saskatchewan, Canada
Heritage Insurance provides personal, auto, commercial, and farm insurance services. Heritage Insurance was founded in 1982 and is based in Moose Jaw, Saskatchewan.

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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 39 of 61
Sector (Insurance) 37 of 58
Type (Add-on Acquisition) 38 of 60
State (Saskatchewan) 6 of 7
Country (Canada) 39 of 61
Year (2023) 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Niche Assurance

Mont-Tremblant, Quebec, Canada

Niche Assurance provides brokerage that focuses on serving the more complex needs of the non-standard condo, residential, and commercial market – including seasonal and unique residential properties – as well as the construction, hospitality and food service sectors. Niche Assurance is based in Mont-Tremblant, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Shephard Ashmore Insurance

Vancouver, British Columbia, Canada

Shephard Ashmore Insurance provides insurance and risk management solutions for major tours, festivals, and events, and provides custom policies for the assets of artists and entertainers. Shephard Ashmore Insurance was formed in 1980 and is based in Vancouver, British Columbia.

Buy -
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