M&A Deal Summary

Westland Insurance Acquires Shephard Ashmore Insurance

On March 1, 2023, Westland Insurance acquired insurance company Shephard Ashmore Insurance

Acquisition Highlights
  • This is Westland Insurance’s 38th transaction in the Insurance sector.
  • This is Westland Insurance’s 40th transaction in Canada.
  • This is Westland Insurance’s 7th transaction in British Columbia.

M&A Deal Summary
Date 2023-03-01
Target Shephard Ashmore Insurance
Sector Insurance
Buyer(s) Westland Insurance
Deal Type Add-on Acquisition

Target

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.

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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 40 of 61
Sector (Insurance) 38 of 58
Type (Add-on Acquisition) 39 of 60
State (British Columbia) 7 of 8
Country (Canada) 40 of 61
Year (2023) 5 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-05 Dimensions Insurance Management

Winnipeg, Manitoba, Canada

Dimensions Insurance Management is a commercial and specialty P&C brokerage focused on serving clients across Western Canada. Dimensions Insurance Management was founded in 1905 and is based in Winnipeg, Manitoba.

Buy -
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