CAMBRIDGE, Ont. – Cowan Insurance Group, an insurance brokerage and consulting firm, announced today that it has acquired The Williamson Group (TWG), a financial services company that provides employer sponsored benefits and pensions.
The details of the acquisition were not disclosed, but both companies have a history of profitable growth and align well, according to the press release.
The Williamson Group employees will continue in their current roles, while Don Williamson (president of TWG) will report directly to Heather McLachlin, president of Cowan.
“The acquisition of TWG aligns well with our strategy for Cowan on a number of fronts,” said McLachlin. “The culture, values and approach when dealing with clients of our two organizations are extremely similar; we have complementary, yet unique products and services so together we will have a broader product shelf for clients to choose from; and both TWG and Cowan have strong local, regional, national and international relationships and offerings that position the combined company well for future growth. We also discovered a common emphasis on thought leadership driven by highly capable and talented team members, who are experts in their chosen fields.”
Williamson also commented: “We believe this change will produce extensive opportunities for both our clients and our employees. Cowan Insurance Group and The Williamson Group together will have increased strength and size, with more buying power for our clients and the combined talents of two great companies. We’ve worked closely with Cowan on this, and have been impressed by their continued dedication to our organization, our people, our brand, and our development. We’re confident that together we will continue to grow in exciting new ways.”
With the acquisition, Cowan now has 450 employees working out of ten locations across Ontario.
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