Add-on Acquisition • Insurance

Westland Insurance Acquires Niche Assurance

On February 9, 2023, Westland Insurance acquired insurance company Niche Assurance

Acquisition Context

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 2nd transaction in Quebec.

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M&A Deal Summary
Date	February 9, 2023
Target	Niche Assurance
Sector	Insurance
Buyer(s)	Westland Insurance
Deal Type	Add-on Acquisition

Target Company

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.

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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	39 of 67
Sector: Insurance	37 of 64
Type: Add-on Acquisition	38 of 66
State: Quebec	2 of 2
Country: Canada	39 of 67
Year: 2023	4 of 17

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2023-02-09	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.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2023-02-09

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.

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	-

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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