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Hub Financial Inc. Acquires Bridgeforce Financial Group Inc. In Ontario

Feb 02, 2023•over 2 years ago

Acquiring Company

Hypercraft

Acquired Company

BRIDGEFORCE FINANCIAL GROUP

Provo

Description

Hub Financial Inc. (Hub Financial), one of Canada's largest distributors of life insurance and investment solutions, announced today that it has acquired, through one of its affiliates, Achievex Financial Services Inc., W.C.S Financial Services Inc., W.C.S. Achievex Inc., Allen Wong & Associates Agency Limited, BridgeForce Financial Group Inc., Cinaber Financial Inc., Ontario East Insurance Agency Ltd., and Joseph B. Woodyatt Insurance Agencies Limited (BridgeForce). Terms of the transaction were not disclosed.

Company Information

Company

Hypercraft

Location

Provo, Utah, United States

About

Hypercraft believes in a future where creatives and innovators have greater access to the best EV technology. We are positioned to unleash the unlimited performance potential of EV in every motorized industry vertical. The future is powered by Hypercraft.

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

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