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BrokerLink completes acquisition of The Standard Insurance Brokers Ltd. to expand services in Ontario, Manitoba, and Saskatchewan

Jun 07, 2024•about 1 year ago

Acquiring Company

BrokerLink

Acquired Company

The Standard Insurance Brokers Ltd

CanadaInsuranceFinancial ServicesInsurance

Description

BrokerLink has completed its largest Ontario deal to date and expanded into Manitoba and Saskatchewan with the acquisition of The Standard Insurance Brokers Ltd. This partnership allows BrokerLink to expand its services throughout Northern Ontario and introduces the brokerage to thousands of new customers in Manitoba and Saskatchewan.

Company Information

Company

BrokerLink

Location

Canada

About

BrokerLink is one of Canada’s largest P&C insurance brokerages, with more than 200 branches, 3,700 employees, and a subsidiary of Intact Financial Corporation. It has been actively expanding and investing in various communities, adding more than 400 insurance professionals to its team this year.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed