BFL CANADA announces acquisition of Summit Insurance BrokersBy The IJ Staff | May 15 2019 09:30AM
BFL CANADA has announced the acquisition of Summit Insurance Brokers Inc. of Prince George, British Columbia.
Summit specializes in providing insurance services to the forestry, logging contractors, agriculture, transportation and suppliers to the oil and gas and mining industries. The firm’s clients also include hobby farms and auto businesses.
Stronger presence in key growth sectors
"We are delighted to welcome the skilled and experienced Summit employees to the BFL CANADA family as this acquisition will provide us with a stronger presence in key Canadian growth sectors," said Barry F. Lorenzetti, President, CEO and Founder. "We expect the economy in Central and Northern British Columbia to experience significant growth over the next five years and the completion of this transaction will allow BFL CANADA to bring its industry specialization, market leverage, business model, centres of excellence, and digital expertise to the region."
Hugh Delwo, former President and CEO at Summit Insurance Brokers Inc., will become Managing Vice President for the Prince George office. Al Delwo, former Vice President at Summit Insurance Brokers Inc., will lead business development efforts for the region.