M&A Deal Summary

Westland Insurance Acquires Sigurdson Financial Group

On July 6, 2023, Westland Insurance acquired financial services company Sigurdson Financial Group

Acquisition Highlights
  • This is Westland Insurance’s 1st transaction in the Financial Services sector.
  • This is Westland Insurance’s 47th transaction in Canada.
  • This is Westland Insurance’s 5th transaction in Manitoba.

M&A Deal Summary
Date 2023-07-06
Target Sigurdson Financial Group
Sector Financial Services
Buyer(s) Westland Insurance
Deal Type Add-on Acquisition

Target

Sigurdson Financial Group

Winnipeg, Manitoba, Canada
Sigurdson Financial Group offers full financial services including a wide array of insurance planning and investment solutions. Sigurdson Financial Group is based in Winnipeg, Manitoba.

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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 47 of 60
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 46 of 59
State (Manitoba) 5 of 6
Country (Canada) 47 of 60
Year (2023) 12 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 Murphy Insurance

Orillia, Ontario, Canada

Murphy Insurance is a boutique full-service P&C insurance brokerage that specializes in advisory-based solutions across a number of key commercial segments, as well as VIP personal lines. Murphy Insurance was founded in 1981 and is based in Orillia, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-18 Andrew Agencies

Brandon, Manitoba, Canada

Andrew Agencies is a full-service insurance and financial services firm. The Company offers insurance solutions and professionalized services across agriculture/farm, small to medium-sized commercial, homeowners, and auto businesses. Andrew Agencies was founded in 1913 and is based in Brandon, Manitoba.

Buy -
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