PE-backed insurance broker Integro buys Canada's Finning Insurance Services
Integro Ltd has bought the assets of Finning Insurance Services (FIS), a Vancouver-based insurance broker, from Finning International Inc. The financial details of the acquisition were not disclosed. Integro, a U.S. insurance brokerage and risk management company, said FIS employees have joined its Canadian subsidiary, Integro Canada Ltd, which was established in 2005. It added that the deal will increase Integro's presence in Western Canada. Headquartered in New York, Integro is a portfolio investment of several U.S. private equity firms and investors, including aPriori Capital Partners, Weston Presidio, Century Capital Management and Cave Creek Capital.
8 December 2014•3 mins read
