BroadStreet has entered an agreement to partner with Westland Insurance Group, a leading Canadian independent insurance brokerage.
Rick Miley, BroadStreet's Founder and Executive Chair said, "Westland Insurance Group possesses the characteristics that make it a great fit for a partnership with BroadStreet: the leadership team is entrepreneurial, there is a culture of ownership embedded in the firm that is consistent with our co-ownership approach and the company has a bias for growth, both organic growth and growth via acquisition."
For more than 20 years, BroadStreet has been investing in high performing independent insurance agencies with exceptional leadership teams. Since 2012, BroadStreet's primary financial partner has been Ontario Teachers' Pension Board, a global investor responsible for the retirement income for more than 336,000 Canadian teachers. BroadStreet's unique co-ownership model is designed to support the operational autonomy of its partners while providing its partners the financial support to invest in organic and acquisitive growth to create a long-term sustainable business.