As a company McDougall Insurance and Financial is no stranger to mergers and acquistions but another announced Tuesday was a little different.
McDougall Insurance and Financial has purchased Drayden Insurance of Alberta. It’s the first time it has purchased a brokerage from outside of Ontario.
The deal is expected to be finalized in the third quarter of this year.
All of Drayden Insurance’s employees will stay with McDougall Insurance and their 8 branch offices will remain open.
McDougall Insurance and Financial now has 65 offices and 860 employees in Ontario and Alberta.
Vice-President Lorne McDougall says the firm now carries over $860 million in property casualty premium, adding the growth will
ultimately benefit clients and staff.
