Westland Insurance has announced the acquisition of Excel Insurance Lloydminster and M. Butler Insurance, marking a significant expansion into new communities within Canada.
The acquisitions, effective 24 June, are part of Westland’s strategy to extend its reach across the country.
Excel Insurance Lloydminster, a property and casualty (P&C) brokerage in Lloydminster, Alberta, has been operating for nearly two decades.
With a robust client base and established partnerships with leading insurance providers, the acquisition of Excel Insurance not only strengthens its presence in Alberta but also opens doors to a new market, stated Westland Insurance.
M. Butler Insurance operates as an independent, full-service P&C brokerage in Niagara Falls, Ontario.
Westland Insurance president and CEO Jamie Lyons stated: “It is my absolute pleasure to welcome Excel Lloydminster and M. Butler Insurance to Westland.
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By GlobalData“These acquisitions align perfectly with our growth strategy and allow us to expand our reach in Alberta and Ontario, as they share our commitment to provide exceptional service and customised solutions to clients. We look forward to partnering with them as we journey to become Canada’s favourite insurance broker.”
The strategy for growth at Westland Insurance includes both organic development and strategic acquisitions.
With a portfolio exceeding $3.5bn (C$4.77bn) in premiums, Westland Insurance Group offers a wide range of advisory-based services across various insurance segments including commercial, personal, employee benefits, farm and specialty.
This announcement follows the recent acquisition of Dupuis Langen Group, a company specialising in employee benefits solutions. Earlier in the year, Westland Insurance also acquired Dyberg Insurance and Prairie Villa Insurance, bolstering its presence in Northern Alberta.