Orr Insurance & Investment acquires Huron Insurance Managers Group

Acquisition unites seven Ontario brokerages under Orr name

Orr Insurance & Investment (Orr) and Huron Insurance Managers Group (HIMG) have signed a deal that sees seven Ontario brokerages uniting under the Orr name.

Read: All the latest M&A news

Orr is a fourth-generation independent brokerage based in Stratford since 1895, and owned and operated by brothers Jeff and Rick Orr. HIMG is a cluster of six brokerages: Elliott Nixon Insurance Brokers in Blyth, Kleinknecht Insurance Broker in Linwood, Lyons & Mulhern Insurance Brokers in Goderich, Seaforth Insurance Broker in Seaforth, and Sholdice Insurance Brokers in Brussels and Chatham. The transaction was finalized on November 1, 2013 at all seven locations.

“We were looking for an opportunity to grow Orr’s market presence, focusing on the area we live in and support around Stratford. We are excited to be able to perpetuate the independent broker distribution system. Each office will remain open demonstrating our commitment to communities and local service,” said Rick Orr, president of Orr Insurance, in a press release.

Follow us on Twitter at @CITopBroker for the latest merger and acquisition news

Copyright © 2017 Transcontinental Media G.P.
Transcontinental Media G.P.