Navacord Corp., a commercial insurance brokerage and group health and wealth solutions provider, announced Jan. 10 the acquisition of Group Lockhart Inc. and PGI Financial in Ontario, and Maritime Group Benefits in New Brunswick.  

Navacord says that Group Lockhart Inc. and PGI Financial have carved out “impressive proprietary association endorsements and national programs within the hospitality and auto-dealership sectors, while also specializing in local small- to mid-sized corporate accounts.”  

“On our P&C side, Navacord has incredible depth and experience within the hospitality and auto-dealership sectors in Canada,” said T. Marshall Sadd, Executive Chairman, Navacord. “The expertise and relationships that both PGI and Group Lockhart bring with them are a powerful complement that also allow us to provide a vital service to recovering sectors of our economy that are demanding expert advice as they navigate a changing environment for their employees and customers.” 

Maritime Group Benefits (MGB), co-founded in 2012 by Haldean (Dean) Clark, offers “an innovative and thoughtful approach to benefit and retirement plan design,” stated Navacord.

“MGB has built a strong reputation and business that reinforces the power and importance of local-touch service in Canada’s distinct regional markets,” said Shawn DeSantis, President and CEO, Navacord. “We’re excited to support MGB’s continued growth—of talent, expertise, and business – while collaborating and exploring the synergies that exist for our clients as we deepen our reach within Atlantic Canada.” 

Navacord has made several acquisitions in recent months. To learn more, click here.