Westland Insurance Expands with Youngs West Burlington Acquisition
Deal News | Feb 25, 2025 | Globenewswire
Westland Insurance, one of Canada's rapidly expanding insurance brokers, has officially acquired Youngs Insurance Brokers' West Burlington office. This strategic acquisition, effective February 21, 2025, marks a significant step in Westland's ongoing expansion strategy across Canada, particularly in Ontario. Youngs Burlington West, renowned for its property and casualty insurance services in the Greater Toronto Area for over two decades, will bolster Westland's presence and service capability in the region. Westland's President and CEO, Jamie Lyons, expressed enthusiasm about the partnership, highlighting the importance of integrating Youngs' established market position and community ties into Westland's operations. This acquisition aligns with Westland's dual growth approach of organic expansion and strategic acquisitions.
Sectors
- Insurance
- Mergers and Acquisitions
Geography
- Canada – The acquisition involves companies based in Canada and the expansion strategy focuses on increasing presence within Canadian provinces.
- Ontario – Ontario is a key geographical focus in the article, as the acquisition aims to strengthen Westland's presence in this strategically important province.
Industry
- Insurance – The acquisition involves insurance brokers, highlighting the insurance industry as the primary focus, particularly in property and casualty insurance services.
- Mergers and Acquisitions – The article discusses an acquisition, categorizing it under mergers and acquisitions activities within the insurance sector.
Financials
- – No financial terms were disclosed in the article regarding the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Westland Insurance | Acquiring Company | Company | A rapidly growing Canadian insurance brokerage focusing on expansion through organic growth and strategic acquisitions. |
| Youngs Insurance Brokers' West Burlington Office | Target Company | Company | A Property & Casualty brokerage located in the Greater Toronto Area, serving its community for over 20 years. |
| Jamie Lyons | President & CEO of Westland Insurance | Person | The executive leading Westland Insurance's strategic growth initiatives. |