McDougall Insurance Brokers Ltd (McDougall Insurance), through its subsidiary Drayden Insurance Limited (Drayden), has completed the acquisition of De Luca Insurance Services Ltd (De Luca) in Edmonton, Alberta.
The move is part of Drayden and McDougall Insurance’s broader plan to enhance their market presence and service capabilities in Alberta.
Commenting on the deal, Drayden president Catherine Cake said: “De Luca and Drayden are ideal partners. We both put our clients and communities first, and we know that through our combined strengths we will continue to live up to that standard each and every day.”
Ross McDougall, CEO of McDougall Insurance, added: “De Luca is a multi-generational family business much like McDougall Insurance, and we couldn’t be happier to welcome them to the McDougall family. This acquisition continues our growth in Alberta and augments our ability to give our clients the service they deserve.”
Drayden reaffirmed its commitment to preserving the high standards of professionalism and customer service that it says De Luca’s clients expect.
The integration will be managed carefully to ensure a seamless experience for all parties involved, it stated.
In a related development, McDougall Insurance merged with MHK Insurance Inc (MHK) in February.
The merger aligns with McDougall Insurance’s ongoing growth strategy and broadens its service and product offerings throughout Canada. The company expects significant synergies from this partnership in the years ahead.
Commenting on the agreement, McDougall said: “With nearly 80 full-time employees and a history going back 110 years, MHK is a perfect fit to strengthen our Alberta presence and join with our eight Drayden Insurance offices. We continue to grow in Alberta and now have approximately 200 employees in the province, and we feel very fortunate to have been given the opportunity to partner with such a well-respected, customer-oriented, and community-minded brokerage.”
MHK’s executive team, including president and CEO Jeff Homynyk, COO Jill Repchuk, and CFO Jana Lumsden, continue to lead MHK Insurance.
“In order to even consider such a deal, there were many factors that were important to me and to our team,” Homynyk said. “Our alignment in terms of values, culture, way of doing business, relationships with our staff, our clients, our insurers, and our community, and continued operational independence led to my decision that McDougall Insurance was the right choice in every way that mattered.”
