Navacord, one of Canada's largest commercial insurance brokerages, has announced a new partnership with Lyon & Butler Insurance Brokers Ltd., effective May 1, 2022.
Based in Vaughan, Ontario, Lyon & Butler is a multigenerational brokerage with deep expertise in commercial insurance, specializing in the construction, commercial realty, transportation, and retail sectors.
Ray Arndt, president of Lyon & Butler, described the partnership with Navacord as “like a fresh chapter” for the brokerage, which has strong local roots dating back to the late 1800s and a loyal clientele across the Greater Toronto Area.
“It will allow us to amplify the assets we’ve worked tirelessly to cultivate within our business—our dedicated, talented team and our robust relationships with markets and clients—while evolving and setting the stage for the next generation of leadership,” Arndt added.
Navacord president and CEO Shawn DeSantis commented: “Lyon & Butler’s niche approach and deep roots within the regions they serve align well with our areas of expertise. We look for strong entrepreneurs and strong collaborators—Lyon & Butler are both, and they bring an exciting history and vision that we know we can support and grow as part of Navacord.”
Following the deal – which is Navacord’s seventh partnership in four months – Lyon & Butler will work closely with and be supported by fellow Navacord Broker Partner, Paisley Partners Inc. with Corey and Megan Arndt leading the day-to-day business operations.
Navacord announced that sharing leadership across two like-minded business promotes collaboration and entrepreneurialism, while enabling Lyon & Butler to maintain its distinct local identity.
“Our brokerages are very similar in our history, our principles and our value proposition,” said Ewen Cameron, president & CEO of Paisley Partners. “I look forward to supporting their legacy and mentoring the next generation as they continue to bring customized and exceptional risk management solutions to clients.”
