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Page 5 - Ross Mcdougall News Today : Breaking News, Live Updates & Top Stories | Vimarsana

McDougall expands into Alberta through M&A

With McDougall Insurance Brokers now within the Definity fold, the brokerage has cut a deal to acquire Alberta-based Drayden Insurance.

DEFINITY AND MCDOUGALL PARTNER TO ACQUIRE DRAYDEN AND EXPAND THEIR INSURANCE BROKER PLATFORM INTO ALBERTA

McDougall Insurance Brokers Limited ("McDougall"), a subsidiary of Definity Financial Corporation (TSX: DFY), has announced that it has entered into a definitive agreement to acquire 100% of Drayden Insurance Ltd. ("Drayden") for $208 million, subject to closing and post-closing adjustments. The transaction will be funded by Definity, through McDougall, using a combination of excess capital and debt. After accounting for all related transactions, Definity's ownership interest in McDougall will i

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