Canada’a SIB Corp., working as StoneRidge Insurance coverage Brokers (SIB), an impartial supplier of insurance coverage and consulting service, has acquired Generations Insurance coverage Inc., to develop its private and business insurance coverage choices.
Based in 1999 and situated in Scarborough (close to Toronto), Generations is a founder owned and operated full-service insurance coverage brokerage servicing Ontario. Generations gives a collection of private and business choices with the aim of offering the knowledge and merchandise wanted for a buyer to make knowledgeable choices at aggressive costs.
Monetary particulars of the transaction weren’t disclosed.
“We’re excited to cross alongside possession of Generations to SIB, who we imagine will be capable of proceed understanding our prospects’ wants and provide aggressive premiums to attain the correct resolution,” stated Claire Munro, Vicki Van Santen and Tracey Lengthy, Generations’ three founding companions, in a joint assertion.
“SIB has accomplished two transactions up to now in 2022, with one other two transactions anticipated to shut within the coming months” stated Ted Puccini, SIB’s CEO and president.
About SIB Corp.
Headquartered in Ancaster, Ontario, with 34 areas, StoneRidge’s platforms embrace an impartial insurance coverage brokerage, an MGA/MGU, and an adjuster. The corporate has been offering a full vary of insurance coverage, threat advisory, life and advantages providers to companies, associations and people since 1945.
Generations is the tenth funding that SIB has made since partnering with CIVC Companions LP, a personal fairness agency, in November 2019. SIB continues to actively search extra partnership alternatives and is dedicated to rising organically and thru partnership investments throughout Canada and is actively in search of partnership/acquisition alternatives.
Supply: StoneRidge Insurance coverage Brokers
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