M&A Deal Summary

Westland Insurance Acquires Smith Agencies

On June 1, 2021, Westland Insurance acquired insurance company Smith Agencies

Acquisition Highlights
  • This is Westland Insurance’s 10th transaction in the Insurance sector.
  • This is Westland Insurance’s 10th transaction in Canada.
  • This is Westland Insurance’s 4th transaction in Saskatchewan.

M&A Deal Summary
Date 2021-06-01
Target Smith Agencies
Sector Insurance
Buyer(s) Westland Insurance
Deal Type Add-on Acquisition

Target

Smith Agencies

Melfort, Saskatchewan, Canada
Smith Agencies is a full-service, customer-oriented independent insurance brokerage. The Company offers courteous service and competitive quotations after a careful analysis of your current insurance requirements. Smith Agencies was founded in 1976 and is based in Melfort, 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 10 of 61
Sector (Insurance) 10 of 58
Type (Add-on Acquisition) 9 of 60
State (Saskatchewan) 4 of 7
Country (Canada) 10 of 61
Year (2021) 7 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 HK Insurance

Regina, Saskatchewan, Canada

HK Insurance provides home, tenant, auto, commercial, farm, or other types of insurance. The Company also provides notary services and a full range of SGI motor vehicle services: permits, photo IDs, vehicle plate renewals, and licensing. HK Insurance was founded in 2001 and is based in Regina, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Nuera Insurance

Calgary, Alberta, Canada

Nuera Insurance is a provider of digital insurance experience innovation and value-added partnerships. The Company offers clients an intuitive and rewarding online insurance-buying experience with expert assistance. Nuera Insurance was founded in 2015 and is based in Calgary, Alberta.

Buy -
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