McDougall buys United Link, pushing group past US$1.17B

What's the deal? McDougall InsuranceDealroom has a profile for this one. Try Dealroom → has acquired United Link Insurance BrokersDealroom has a profile for this one. Try Dealroom →, a Sudbury-based brokerage, for an undisclosed sum. The purchase lifts the McDougall GroupDealroom has a profile for this one. Try Dealroom → to close to US$1.17B and 1,500 employees across more than 90 office locations.

What's the endgame? The deal ranks McDougall among the largest insurance brokerages in Ontario. United Link's former owner will stay on as president and continue to lead the brokerage.

What changes for customers? The transition plan emphasises continuity. No changes are being made currently to policy for United Link's customers.

The signal: Another regional brokerage folds into a larger group, extending the consolidation reshaping Ontario's insurance market. Keeping local leadership in place is a common play to retain clients through the handover.

Read more: quintenews.com

Image credit: Ken Lund