Managing general agency Financial Horizons Group has strengthened its presence in Eastern Canada with the acquisition of Estate Financial Inc., an MGA that has operated in Eastern Canada since 1999.
The deal, under which Financial Horizons has bought 100% of Estate Financial’s shares, closed Feb. 1. Estate Financial’s president, Andrée McLean, and Joe Daley, director of brokerage, are staying on in their current positions to provide sales support and service to advisors.
Expanding its presence
“This acquisition is another strategic step in the growth of Financial Horizons Group as the leading MGA and financial services company in Canada,” said John Hamilton, president of Financial Horizons in an announcement. “The addition of Estate Financial significantly increases our presence in the MGA marketplace in Eastern Canada.”
McLean said that Estate Financial decided to sell because it required a more diversified product offering and determined that Financial Horizons would be the best fit. “We are very pleased to join this great organization and are very excited about the future.”