M&A Deal Summary

Westland Insurance Acquires Alberta Best Insurance

On July 8, 2024, Westland Insurance acquired insurance company Alberta Best Insurance

Acquisition Highlights
  • This is Westland Insurance’s 56th transaction in the Insurance sector.
  • This is Westland Insurance’s 59th transaction in Canada.
  • This is Westland Insurance’s 13th transaction in Alberta.

M&A Deal Summary
Date 2024-07-08
Target Alberta Best Insurance
Sector Insurance
Buyer(s) Westland Insurance
Deal Type Add-on Acquisition

Target

Alberta Best Insurance

Beaumont, Alberta, Canada
Alberta Best Insurance is a property and casualty brokerage that helps clients find the insurance solutions that best suit their needs. Alberta Best Insurance is based in Beaumont, 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 59 of 60
Sector (Insurance) 56 of 57
Type (Add-on Acquisition) 58 of 59
State (Alberta) 13 of 14
Country (Canada) 59 of 60
Year (2024) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 Excel Lloydminster

Lloydminster, Alberta, Canada

Excel Lloydminster is a property and casualty brokerage, based in Lloydminster, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-08 Smith Insurance Service

Alberta, Canada

Smith Insurance Service is a P&C brokerage serving clients with their home, auto, farm, and business insurance needs.

Buy -
Mergr

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