The Western Investment Company of Canada Agrees to Acquire Canadian Farm, Stockmens

06:14 AM EDT, 10/20/2026 (MT Newswires) -- The Western Investment Company of Canada (WI.V) has agreed to acquire Canadian Farm Insurance for CA$42.3 million and Stockmens Insurance for CA$10.2 million, the company said Monday. Canadian Farm is an Alberta-regulated property and casualty insurer, and Stockmens manages general agencies operating in Canada and the US. To implement the deal, Western entered into an agreement with affiliates of integrated livestock and agricultural services group Nilsson Bros. The deal is expected to close in the first quarter of 2027. At deal closing, Scott Tannas will be appointed as chief executive officer of Canadian Farm. Tannas will step down as chair of Western but will remain a director. Western CEO Paul Rivett will be named chair of Western. Concurrent with the transaction, Western is launching a best efforts private placement of about 50 million common shares, priced at CA$1 per share for gross proceeds of CA$50 million. Net proceeds will be used to fund the cash consideration for the deal. The private placement is expected to close on Nov. 3.