Major deal brings together Lussier Dale Parizeau, Riverin Girard and Ouellet Fillion

Merging operations in the regions of Saguenay–Lac-Saint-Jean and Chibougamau

Sorel-Tracy, QC (Sept. 30, 2016) – Patrice Jean, President and Chief Executive Officer of Lussier Dale Parizeau (LDP), Sylvie Lambert, President and General Manager of Riverin Girard & Associés and Luc Ouellet, President of Ouellet Fillion & Associés are pleased to announce an agreement formally merging the operations of LDP, Riverin Girard and Ouellet Fillion.

“This alliance will help us strengthen both our position in the regions of Saguenay–Lac-Saint-Jean and Chibougamau and our role as a Quebec leader in the areas of insurance brokerage and financial services,” said Patrice Jean. The combined premium volume will be $420M.

The branches located in Dolbeau-Mistassini, Normandin, Saint-Félicien, Alma, Chicoutimi, Chibougamau and Jonquière will continue to operate under the Riverin Girard & Associés and Ouellet Fillion (Alma) banners, these brands being well established among the populations of these regions. “Maintaining a regional management and strong presence in the area is Riverin Girard and Ouellet Fillion’s strength. It’s also a common practice at LDP, evidenced by our active presence in our 20 branches across Quebec,” said Mr. Jean. Accordingly, the executives of Riverin Girard and Ouellet Fillion will remain in place, taking part in the management of the consolidated group.

Ms. Lambert and Mr. Ouellet are enthusiastic about the opportunity of offering customers an enhanced experience: a wider range of products and services, access to the 20 LDP branches and greater negotiating power in a highly competitive market.

“This timely transaction comes two years after the acquisition of Dale Parizeau Morris Mackenzie (DPMM) by the Lussier family, concluded on September 22, 2014. It will have only positive impacts on operations and the services offered to customers, and these remain a top priority for all executives and employees involved,” said André Lussier, Chairman of the Board of LDP.

About Riverin Girard & Associés and Ouellet Fillion & Associés

Founded in 1957 on the values of respect, teamwork, optimism and communication, the company has established strong credibility and earned a position of leader in the regions of Saguenay–Lac-Saint-Jean and Chibougamau by offering a wide range of insurance products that cater to different needs. The company has approximately 100 employees across 7 branches located in Dolbeau-Mistassini, Normandin, Saint-Félicien, Alma, Chicoutimi, Chibougamau and Jonquière. The company has a premium volume of $62M.

For more information, visit www.riveringirard.com.

SOURCE: Riverin Girard & Associés