Toronto, ON (June 15, 2021) – BrokerLink is pleased to announce it has acquired Ontario-based Lackner McLennan Insurance Ltd. (formerly Lackner McLennan Insurance and Erb & Erb Insurance Brokers), effective June 1, 2021. This acquisition will enable BrokerLink to expand and serve customers in more communities in Southern Ontario.
Building on strong community roots
Located in Kitchener, Ontario, Lackner McLennan Insurance Ltd. (LMI) has served the Kitchener/Waterloo community with unique insurance solutions since 1919. For over 100 years, the Canadian brokerage has offered its customers home, auto, travel and life insurance solutions. The brokerage also has a solid history of providing customers with tailored commercial insurance, including coverage for hospitality and restaurant, cyber, transportation, medical and specialty products.
The principals of LMI – Cameron Yule, Stephen Bleizeffer, Dean McKillop, Jeff Dow, James Chmiel, Spencer Yule, and Albert Schmidt – are excited about joining BrokerLink and share the following statement:
“As a strong Canadian company, BrokerLink brings a wealth of opportunity for the staff and customers of Lackner McLennan Insurance, including added products and partnerships; a continued strong community presence, and a commitment to act with integrity. These are all things the LMI principals and staff value. Joining BrokerLink provides us with more opportunities for the future – we are proud of our history and look forward to continuing to serve our customers as part of the BrokerLink team.”
LMI principals and employees are now part of the BrokerLink team, and the benefits are a win on both sides.
“The LMI team has built strong relationships in their community and our goal is to continue to build upon these connections, as we carry on providing exceptional service to customers,” says President of BrokerLink, Joe D’Annunzio. “LMI’s focus on commercial lines is a huge win for us and our new team members can showcase their insurance expertise while gaining access to an expanded marketplace.”
Growth and expansion across Ontario
BrokerLink has invested significantly and expanded into more than 20 communities from north to southern Ontario over the past 12 months, with acquisitions including: John F. Smith Insurance Brokers (1982) Inc., Cambridge Insurance Brokers Ltd., and LMI, as well J.G. Rivet Brokers Limited, R.L. Gougeon Limited and Cambrian Insurance Brokers Limited. In addition, BrokerLink acquired several well-established brokerages in Alberta: Rocky Mountain Agencies Co. Ltd., All City Insurance Ltd., Air-Alta Insurance (Airdrie) Ltd., Centre Street Insurance Inc., and Gold Key Insurance Ltd.
“BrokerLink is committed to being a strong investor and contributor to the dynamic communities in which we do business,” says D’Annunzio. “We have future acquisition plans across Canada which we hope to achieve by the end of 2021.”
Since 1991 we’ve had a vision: to build a network of trusted insurance brokers across the country, working directly in the communities we serve. With over 150 branches and 2,000 employees, we’re proud to say BrokerLink has become one of Canada’s largest property and casualty insurance brokerages.
Brokerlink Inc. is a subsidiary of Intact Financial Corporation (TSX: IFC), a certified Kincentric 2020 Best Employer in Canada, and is considered one of Canada’s top employers for young people. For more information, visit www.brokerlink.ca.
Source: BrokerLinkTags: Acquisition, BrokerLink, Ontario