Capital Assist (Valuation) Inc. (“CAV”) served as the exclusive financial advisor to PBL Insurance Limited (“PBL”), a midmarket independently owned insurance brokerage, on its sale to NFP Canada Corp. (“NFP Canada”).
CAV conducted a targeted discovery process to identify niche buyers that were active in the Canadian insurance market. CAV engineered a competitive auction process, guided PBL through due diligence and negotiation of the purchase agreement and ensured a smooth post-acquisition integration of accounting systems and processes.
PBL specializes in commercial, personal and employee benefits insurance and offers an expansive portfolio of products and services to individuals and businesses in a broad range of industries, having access to over 50 markets. With roots in insurance that go back over 100 years, PBL has today grown to be one of the top 5 independently owned brokers in Ontario and in the top 25 in Canada and employs over 190 professionals across its 10 offices in Ontario.
About NFP Canada
NFP Canada, a subsidiary of NFP Corp, is a leading insurance broker and consultant that provides employee benefits, property and casualty (P&C), retirement and individual solutions through its various licensed Canadian insurance brokerages, with over 750 employees. Globally, NFP Corp. is the 5th largest benefits broker by global revenue, 6th largest US-based privately owned broker, 10th largest property and casualty agency and 13th largest global insurance broker.