Navacord Corp. announced March 30 that it has completed a C$1.05 billion financing.
The property and casualty insurance brokerage firm says the financing will provide it with increased capacity to continue pursuing M&A transactions and other strategic growth initiatives.
“We are very pleased to announce this financing event, and we would like to thank our existing and new lenders for their support,” said Shawn DeSantis, Co-Founder, President and CEO of Navacord. “The enhanced capacity and flexibility this transaction provides are testament to the resiliency and growth of our business and the future opportunities before us.”
Navacord has carried out multiple acquisitions in the Canadian market in recent months.
