Western Financial Group has announced that it has acquired Axion Insurance Services in Ontario.
A release said that the transaction was completed on June 19, 2018. The deal gives Western Financial 10 business locations and about 60 insurance experts.
“I’m very pleased to welcome Axion to the Western family. As part of our Canadian expansion strategy, we are excited to make our first acquisition beyond the borders of the four Western provinces and we felt that Ontario was an ideal place to start,” said Western Financial president and CEO Kenny Nicholls.
“As the insurance experts who create security and provide the right protection for Canadians, Western is committed to expanding its physical presence across Canada and ensuring that Canadians get the best advice for their insurance needs,” Nicholls added.
“Joining Western, an organization that shares our values and deep connection to the communities we serve, is significant,” commented Axion co-founder Mike Teixeira.
“Our employees and customers will benefit from Western’s commitment to the ongoing success of local insurance brokers by continuing to do the best we can for our customers each day,” remarked Axion co-founder Donna Grabowski.
Axion has been in business since 1990, with locations in and around the GTA. It provides personal and business insurance services, as well as online services.
