Ives Insurance Brokers Ltd.
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Ives Insurance Brokers Ltd. - overview
Established
1966
Location
-, ON, Canada
Primary Industry
Insurance
About
Ives Insurance Brokers Ltd. is a Canadian insurance firm specializing in a diverse range of insurance solutions for personal and commercial clients, providing tailored coverage to meet their unique needs. Founded in 1966, Ives Insurance Brokers Ltd. operates as a partner of Navacord, focusing on delivering comprehensive insurance services.
The company has maintained its strategy without significant pivots and is headquartered in Canada. In November 2021, Navacord Inc. , backed by Madison Dearborn Partners, acquired Ives Insurance Brokers Ltd. , enhancing their presence in Ontario.
The firm has engaged in one deal to date, with the most recent deal occurring on November 4, 2021. Ives Insurance Brokers Ltd. , as a partner of Navacord, offers a comprehensive array of insurance products tailored for both personal and commercial clients. Its core offerings include property and casualty insurance, specialized coverage for high-value collectibles, and customized policies designed to protect businesses and individuals against various risks.
The firm serves homeowners, business owners, and collectors of fine art and antiques, prioritizing personalized service to ensure clients receive insurance solutions aligned with their specific circumstances. Ives Insurance Brokers generates revenue primarily through the direct sale of insurance policies to individual and business clients. Clients engage licensed brokers to evaluate their insurance needs, leading to transactions based on selected coverage types such as property and casualty insurance. The firm benefits from ongoing client relationships, contributing to stable revenue through policy renewals and adjustments, reflecting a commitment to quality insurance solutions that meet diverse client needs.
Following its acquisition in November 2021, Ives Insurance Brokers Ltd. plans to leverage the resources of Navacord to enhance its service offerings and expand into new markets in Ontario, Canada. The acquisition is aimed at bolstering Navacord's footprint, with no specific upcoming product launches detailed. However, the focus remains on utilizing the advantages of its parent company to foster growth and service enhancements in the local community.
Current Investors
Navacord Corp.
Primary Industry
Insurance
Sub Industries
Commercial Insurance, Insurance Intermediaries, Personal Insurance
Website
www.ivesinsurance.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Ives Insurance Brokers Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Ives Insurance Brokers Ltd. | - |
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