Western Financial Group has acquired Orr & Associates, an independent broker network based in Ontario.
Following closure of the transaction on January 31, Orr & Associates’ two retail locations in southern Ontario became part of Western Financial. A release said that the acquisition continues Western Financial’s strategic expansion into the province, increasing the total number of offices the company has in Ontario to 11.
Orr & Associates, established in 1912, offers personal, commercial, and life insurance. Composed of 16 team members, the agency serves over 5,000 customers from its two branches in King City and Schomberg.
“It is an exciting day to have Orr & Associates join our growing team,” said Western Financial president and CEO Kenny Nicholls. “Orr & Associates have established themselves as an innovative leader in their area of expertise. We are happy to have them on-board with us helping Western to continue to expand our scope in the Canadian insurance market.”
The chief executive also hinted that Western will continue to bolster its operations across Canada through similar other acquisitions.
“As the insurance experts who create security and provide the right protection for all Canadians, Western is committed to expanding its physical presence across Canada and ensuring that Canadians get the best advice for their insurance needs,” Nicholls stated.
According to Ken Orr, co-owner of Orr & Associates, joining Western was “the right fit” for the group.
“We share common values and business interests and becoming part of the Western family will be beneficial for our people,” Orr added.
