Navacord expands benefits practice through acquisition of BC broker

Acquired firm has been in business for 40 years

Navacord expands benefits practice through acquisition of BC broker

Insurance News

By Lyle Adriano

Navacord has enhanced its national benefits practice with the acquisition of Dehoney Financial Group (DFG).

DFG is an independent benefits broker based in British Columbia, now in its 40th year of business. The broker provides a portfolio of corporate solutions, such as benefit and retirement consulting, administration, and life insurance products. DFG serves both public and private companies across all major sectors.

A company release said that the acquisition of DFG extends Navacord’s reach from coast-to-coast in group benefits.

“Strong leaders and builders like Dehoney Financial Group represent the type of brokers that Navacord attracts and chooses to partner with as we continue our journey to build the great Canadian brokerage,” said Navacord executive chairman T. Marshall Sadd. “Our unique model allows them to continue their legacy while building a next-generation management team to take the company into the future.”

“Dehoney Financial Group is a well-known, respected consulting firm on the West Coast and beyond, with a team that collectively brings over 150 years of experience in benefit and retirement consulting,” commented Navacord president and CEO Shawn DeSantis. “We are pleased to welcome DFG and look forward to working together as we continue our focus on this priority growth area.”

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