Description of Transaction
Sequeira Partners was engaged by MHK to assist with identifying the right partner to provide a platform for future growth.
The Sequeira team provided advisory assistance throughout the transaction including marketing the business to potential partners, negotiating preliminary and final deal terms, advising on transaction structure and consideration, as well as assisting with due diligence and other pre-closing matters.
The sale to McDougall will allow the Company to leverage the national resources of one of Canada’s fastest-growing P&C Insurance Brokerages while maintaining the legacy and reputation it has established in Western Canada through its 110+ year history. This move will strategically position the Company for continued growth through operational efficiencies and access to additional resources whilst ensuring commitment to its people-first culture and client-centric approach to business.
MHK Insurance Inc.
MHK Insurance Inc. was founded over 110 years ago with the intent to build a distinguished insurance brokerage committed to its clients, its people, and its people-first culture. Today, the company has nearly 80 employees across their Edmonton and Calgary offices, offering expertise in over 12 insurance lines including construction, hospitality, transportation, energy and technology.
McDougall
McDougall is one of the largest P&C insurance brokerages in Canada. The brokerage has been operating for 75+ years and currently represents 50+ insurance companies. Through their team of over 900 employees, including nearly 200 in Alberta following the acquisition of MHK, McDougall offers its clients comprehensive commercial and personal insurance solutions.
