H.W. Kaufman Financial Group Acquires Toronto-Based Technical Risk Services

January 7, 2016

H.W. Kaufman Financial Group, headquartered in Farmington Hills, Mich., has acquired Technical Risk Services (TRS), a Toronto, Canada-based specialist in loss control services, inspections, and risk control consulting.

TRS is a full-service loss control inspection and consulting firm that has operated in Ontario, Canada for more than 15 years, with expertise in large, complex commercial building inspections in industries such as manufacturing, distribution, and energy, Kaufman said in a statement.

Kaufman said the acquisition marks its first in 2016, which will add to its “diverse roster of specialty insurance, brokerage, and insurance services companies.”

“Kaufman’s global portfolio currently includes Canadian Reports, a Canadian provider of premium audits, loss control inspections and risk management services, focused on inspections for commercial and personal risks of all sizes. The addition of TRS deepens our commercial expertise and strengthens our North American offerings,” said Alan Jay Kaufman, chairman, president and CEO of Kaufman Financial Group.

TRS will continue to operate under the TRS name as part of Canadian Reports. Gilles Proulx, former executive vice president, Client Services of TRS, will join the Kaufman team as president of Canadian Reports.

Source: H.W. Kaufman Financial Group

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