Canada’s Western Financial Acquires Ontario Brokerage EGM Insurance Group

Western Financial Group has furthered its strategic expansion in Ontario with the acquisition of EGM Insurance Group.

Financial details of the acquisition, which is Western’s third brokerage acquisition in Ontario, were not disclosed.

Pembroke, Ontario-based EGM had its roots as a family business in 1942. It now operates with four branches and has two subsidiaries, MC Carroll Insurance Brokers and Johnston & Mackie Ltd., serving residents and businesses in the Petawawa and Pembroke areas.

“We’re thrilled to welcome EGM CEO Lisa Edmonds and her team,” said Kenny Nicholls, Western’s CEO and president. “This acquisition offers us further abilities to grow our customer broker model in Ontario.”

Edmonds said joining Western is a great opportunity for the EGM Insurance Group and its customers. “I am excited to know the strength of Western’s people – their experience, resources and stability – will take us to the next level while allowing us to serve our customers in our local community.”

About Western Financial Group

Headquartered in High River, Alberta, Western provides personal and business insurance services through 183 locations, its affiliates and a variety of connected channels, with a team of more than 1,800 people. Western is a subsidiary of Trimont Financial Ltd., a subsidiary of The Wawanesa Mutual Insurance Company.

Source: Western Financial Group