Cowan Insurance Group, a Canadian insurance brokerage and consulting operation, has acquired The Williamson Group, a financial services company focused on providing employer sponsored benefits, pensions and disability management programs, as well as individual financial services.
Terms of the acquisition were not disclosed.
Don Williamson, president, The Williamson Group will report directly to Heather McLachlin, president, Cowan Insurance Group, with The Williamson Group (TWG) employees continuing in their current roles.
This transaction provides the opportunity to accelerate growth by collectively offering businesses, organizations and individuals consultative advice through local, national and international markets with multi-line products and services to meet their risk management and insurance needs, according to a statement released by the Cowan Insurance Group
The addition of TWG as a Cowan Company, increases Cowan’s footprint to approximately 450 employees operating out of 10 locations including Cambridge, Kitchener, Ottawa, Paris, Hamilton, Woodstock, Stratford, Burford and two offices in Brantford.
“The acquisition of TWG aligns well with our strategy for Cowan on a number of fronts,” explained McLachlin.
“The culture, values and approach when dealing with clients of our two organizations are extremely similar; we have complementary, yet unique products and services so together we will have a broader product shelf for clients to choose from; and both TWG and Cowan have strong local, regional, national and international relationships and offerings that position the combined company well for future growth,” she continued.
“We also discovered a common emphasis on thought leadership driven by highly capable and talented team members, who are experts in their chosen fields.”
“Cowan Insurance Group and The Williamson Group together will have increased strength and size, with more buying power for our clients and the combined talents of two great companies,” stated Don Williamson, president, The Williamson Group.
Source: Cowan Insurance Group
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