Hub International Ltd., the Chicago-based insurance broker, announced that it has signed a purchase agreement to acquire the assets of National Home Warranty Group Inc., a wholly owned subsidiary of Aviva Canada Inc.
Terms of the agreement were not disclosed.
With offices in Edmonton and Calgary, Alberta, and Vancouver and Langley, British Columbia, National Home Warranty is one of Western Canada’s leading home warranty providers. Partnering with more than 3,500 registered builders, they provide new home warranty coverage to 15,000 homes and homeowners every year.
“Our investment in National Home Warranty rounds out Hub’s capabilities in Western Canada to offer a more complete and comprehensive solution to make builders stronger and help homeowners better protect their assets,” said David Moon, president of Hub International Canada West (Hub Canada West). “Their builders and clients will have access to an additional layer of risk management, specialties, resources and services with Hub.”
Following the acquisition, the National Home Warranty team will join Hub Canada West, continuing to service and support clients.
Source: Hub International
Topics Mergers & Acquisitions Canada
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