Westland Insurance Group is starting the year with a major deal, with the announcement of its acquisition of the Montreal-based brokerage Assurances R. Legault on January 01.
The family-owned, second-generation insurance brokerage Assurances R. Legault has been in business since 1980, offering insurance services to business and personal clients in both English and French.
As part of the deal, Assurances R. Legault principals Philippe Legault and Isabelle Jean will remain with Westland in business development roles, assisting Westland with its growth in Quebec.
“Today marks an exciting moment for us as we welcome Assurances R. Legault to Westland,” said Westland president and CEO Jamie Lyons. “We are thrilled to be expanding our presence in Quebec, a province that remains key to our national story and our ambition to be Canada’s favourite insurance brokerage. We feel tremendous cultural alignment with Philipp, Isabelle, and the incredible team at Legault.”
In December, Westland announced that it expanded its partnership with the credit-focused asset manager Blackstone Credit. Blackstone Credit had initially invested in Westland in January 2021, then later made another investment in January 2022. Then last month, Blackstone led an additional $200 million commitment in support of Westland’s growth strategy.
