M&A Deal Summary

Westland Insurance Acquires RiskTech Insurance Services

On January 9, 2023, Westland Insurance acquired insurance company RiskTech Insurance Services

Acquisition Highlights
  • This is Westland Insurance’s 35th transaction in the Insurance sector.
  • This is Westland Insurance’s 37th transaction in Canada.
  • This is Westland Insurance’s 7th transaction in Alberta.

M&A Deal Summary
Date 2023-01-09
Target RiskTech Insurance Services
Sector Insurance
Buyer(s) Westland Insurance
Deal Type Add-on Acquisition

Target

RiskTech Insurance Services

Edmonton, Alberta, Canada
RiskTech Insurance Services is an insurance consulting firm specialized capabilities and technical expertise with a focus on large and mid-market Commercial clients. RiskTech Insurance Services is based in Edmonton, Alberta.

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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 37 of 61
Sector (Insurance) 35 of 58
Type (Add-on Acquisition) 36 of 60
State (Alberta) 7 of 14
Country (Canada) 37 of 61
Year (2023) 2 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Assurances R. Legault

Montreal, Quebec, Canada

Assurances R. Legault provides insurance brokerage, offering services to their business and personal clients in both French and English. Assurances R. Legault was founded in 1980 and is based in Montreal, Quebec.

Buy -
FOLLOWING 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 -
Mergr

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