The trading brokerage firm Navacord Corp.. announced that it has acquired Binks Insurance Brokers Limited, headquartered in Ottawa. The news was shared by press release on July 25, 2022.
Binks is a brokerage firm for high risk commercial investments. Founded in 1918, the company notably offers risk management expertise to car dealerships as well as to several other sectors of activity and non-profit organizations.
“Their niche expertise in the dealership industry, combined with their reputation and presence in Eastern Ontario, will reinforce our strength in Canada’s capital,” said Shawn DeSantisPresident and CEO of Navacord.
Binks Insurance will be backed by one of Navacord’s subsidiaries, Jones DesLauriers. This transaction marks Navacord’s 16th acquisition in 2022. The latest was announced only a few days earlier.