Navacord Announces Management Led Buyout with the Support of Madison Dearborn Partners
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Navacord was created in 2014 with the idea of bringing together like-minded entrepreneurial brokers with the goal of building a Great Canadian Brokerage. In just four years, Navacord has become a leading national insurance broker with a broad suite of capabilities across commercial property & casualty insurance and employee benefits consulting.
"We couldn't be happier with the advancement of our business model over the first four years," said
"We are excited to partner with Navacord," said
Terms of the transaction were not disclosed. The transaction is expected to be completed in the third quarter of 2018, subject to customary closing conditions.
Navacord's business model enables new partners to continue to provide local, personalized servicing of their clients while being supported by the additional expertise, resources and efficiencies of a national brokerage. The company trades under nine different broker partner brands throughout
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