TORONTO, APRIL 8, 2024 – BrokerLink is pleased to announce the acquisition of two Ontario-based brokerages: M. Edward Powell Insurance Brokers Ltd. (Powell Insurance Brokers) of Oakville and Russ Bastow Insurance Broker Ltd. (Bastow Insurance) of Ajax. The company also acquired the personal and small to medium enterprise commercial insurance book of business from Halpenny Insurance Brokers Ltd. (Halpenny Insurance Brokers). All three transactions were effective April 1.
These acquisitions expand BrokerLink’s growth in these respective Ontario communities and we look forward to welcoming our new employees, who will continue providing insurance solutions to new and existing customers.
Building BrokerLink’s Oakville team
Founded in 1954 by Edward and Charlotte Powell, Powell Insurance Brokers has strong roots in the Oakville community and has provided tailored insurance solutions for home, auto, business, life and employee benefits for 70 years. The professional and knowledgeable team at Powell Insurance Brokers has helped customers navigate the complex world of insurance, from product selection to claims assistance, with a personal touch.
The principals of Powell Insurance Brokers, David and Jeff Powell, share the following statement:
“From our humble roots, we were very fortunate to continue our parents’ legacy and bring Powell Insurance Brokers into its seventieth year. We are eternally grateful to our talented team members, who went above and beyond for our customers, making our seven decades of service possible. We’re excited to move forward as part of the BrokerLink team, together David and Jeff will assist with the transition of Powell Insurance Brokers to BrokerLink and Jeff has accepted the additional role of Director of Strategic Initiatives (Non-Standard Auto).”
Reaching new customers in Ajax
Bastow Insurance has had one goal in mind since it was founded in 1969; retaining its family values to provide customers with peace of mind. The team has established a strong reputation by working hard to offer customized personal and business insurance solutions to its customers.
Employees from Powell Insurance Brokers and Bastow Insurance will continue showcasing their expertise to provide customers with tailored insurance coverage for their needs, as part of the BrokerLink team.
Expanding service in Ottawa
For over 100 years, Halpenny Insurance Brokers has been committed to ensuring customers have sound advice, insurance protection and financial security. Halpenny Insurance Brokers’ operations will remain in Ottawa and across Canada, where they’ll continue helping corporate clients with their insurance needs, including employee benefits and retirement programs, VIP and high net worth personal lines and affinity business insurance.
“Each of these brokerage’s values, dedication to exceptional customer service and passion for supporting their communities are key factors in these transactions,” says Michael Stack, BrokerLink’s Vice President of Acquisitions. “We plan to continue building relationships in Oakville and Ottawa and look forward to extending our knowledge and expertise to new customers in Ajax.”
About BrokerLink
Since 1991 we’ve had a vision: to build a network of trusted insurance brokers across the country, working directly in the communities we serve. With over 200 branches and 3,700 employees, we’re proud to say that BrokerLink has become one of Canada’s largest property and casualty insurance brokerages.
Brokerlink Inc. is a subsidiary of Intact Financial Corporation (TSX: IFC), a certified Kincentric 2023 Best Employer in Canada. For more information, visit BrokerLink.ca or follow us on Facebook, Instagram and LinkedIn.
For media inquiries please contact:
Susan Halasz
Manager, Marketing & Communications
BrokerLink
416-895-5687
[email protected]
For broker inquiries please contact:
Michael Stack
Vice President, Acquisitions
BrokerLink
902-664-8684
[email protected]
