Managing General Agency Financial Horizons Group has announced the acquisition of ABEX Central Financial Services, an MGA based in Barrie, Ontario.

In an announcement issued Feb. 1, John Hamilton, founder and CEO of Financial Horizons, stated that the acquisition is “another step in the strategic growth” of the company. “The acquisition of ABEX Central Financial Services Ltd reinforces our presence in the MGA marketplace in central Ontario.”

Business as usual

Financial Horizons says that on a day-to-day basis, it will be business as usual for ABEX. Key members of the team and the Barrie office will be maintained.

Richard Tremblay, president of ABEX, called the acquisition a step forward for both companies. “Together, we will leverage our shared expertise to deliver added resources and value to advisors in Ontario,” he stated.