Western Investment agrees to buy Canadian Farm Insurance and Stockmens for $52.5 million
Bitget2026/10/20 15:11- Western Investment Company agreed to acquire Canadian Farm Insurance and two Stockmens MGAs from Nilsson Brothers affiliates for $52.5 million.
- Vendors may receive up to 20% of the purchase price, or $10.5 million, in shares, with the balance in cash.
- Funding will come from a roughly $50 million private placement and existing cash reserves.
- The vendors guarantee $7 million in annual pre-tax earnings for the first two years.
- Closing is expected in the first quarter of 2027, subject to regulatory approvals and customary conditions.
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