M&A Deal Summary

Westland Insurance Acquires Andrew Agencies

On July 18, 2023, Westland Insurance acquired insurance company Andrew Agencies

Acquisition Highlights
  • This is Westland Insurance’s 45th transaction in the Insurance sector.
  • This is Westland Insurance’s 48th transaction in Canada.
  • This is Westland Insurance’s 6th transaction in Manitoba.

M&A Deal Summary
Date 2023-07-18
Target Andrew Agencies
Sector Insurance
Buyer(s) Westland Insurance
Deal Type Add-on Acquisition
Advisor(s) Dowling & Hales (Financial)

Target

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.

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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 48 of 60
Sector (Insurance) 45 of 57
Type (Add-on Acquisition) 47 of 59
State (Manitoba) 6 of 6
Country (Canada) 48 of 60
Year (2023) 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-03 Hubbard Insurance

Mississauga, Ontario, Canada

Hubbard Insurance provides group benefits, life insurance, and group disability. Hubbard Insurance was founded in 1987 and is based in Mississauga, Ontario.

Buy -
Mergr

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