NFP has acquired Foster Park Brokers – one of Western Canada’s largest independent insurance brokers.
With locations in four offices – Edmonton, AB; Calgary, AB; Grande Prairie, AB; and Langley, BC – Foster Park provides expertise and solutions in commercial and individual P&C insurance, life and group benefits, private client services, as well as bonding and surety. The company has 135 employees.
A company release said that the acquisition of Foster Park is part of NFP’s plan to create a “unified national platform.” The brokerage said that Foster Park’s leadership team will “play an active role” in the integration and growth of the business, by working closely with NFP leaders across Canada to cultivate new client relationships and discover other growth opportunities.
Mark Wiens, president of Foster Park Brokers, will serve as managing director of commercial lines for NFP in Western Canada; he will report to NFP Canada president John Haas. Meanwhile, executive partners Andre Charrois, Steven Whitehouse, Roger Roebuck, Denise Theberge, Hugh Watt – together with all other shareholders and employees of Foster Park – will join NFP.
“We’re excited to welcome Mark and the entire Foster Park team to NFP,” said John Haas. “We’ve been working to identify the right partner to expand into Western Canada and we’ve found that partner in Foster Park. Their excellent reputation, relationships and results across the region will accelerate our growth across Canada.”
Haas added that Foster Park’s significant investments in “industry-leading proprietary technology platforms” which support long-term customer relationships will bring additional value to NFP’s Canadian clients.
“We are elated to join NFP and work with such a talented team of industry leaders,” commented Mark Wiens. “This transaction will bring immense value to our existing clients and future opportunities. Accessing new resources — products, services, expertise — will allow our staff to continue to be in a position of providing industry leading solutions and service.”
Earlier this month, NFP named Robert Beauchamp as its newest vice president of commercial lines in Quebec. He was part of the team that joined NFP following the broker’s acquisition of Oglivy Insurance in December 2020; Oglivy Insurance is scheduled to be rebranded as NFP next year.
