Western Investment Company of Canada to Increase Ownership in Fortress Insurance to 43% in Proposed Transaction
Western Investment Company of Canada to Increase Ownership in Fortress Insurance to 43% in Proposed Transaction
03/26/24, 8:21 PM
Location
Industry
financial services
insurance
The Western Investment Company of Canada Limited has secured an agreement to purchase 1 million shares, or 14.22% of the total shares outstanding in Fortress Insurance Company, as part of its proposed transaction to increase ownership in Fortress to 43%. This acquisition is in line with Western's strategic vision to transform into an insurance and investment holding company, focusing on compounding book value per share through prudent organic growth and accretive acquisitions.
Company Info
Location
Calgary, Alberta, Canada
Company info
The Western Investment Company of Canada Limited (TSXV: WI) is a publicly traded, private equity company focused on transforming into an insurance and investment holding company. With a strategic vision to compound book value per share through prudent organic growth and accretive acquisitions, it aims to provide the best return for its shareholders over the long term.