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The turquoise acquires a firm in Gatineau


Hubert Roy

June 1, 2018 11:30

Pierre Simoneau | Photo : Réjean Meloche

With the acquisition of the firm Assurances Jocelyn Leblanc, turquoise says it reinforces its position in the Outaouais region.

“It confirms our position as a leader in this region “, said its CEO Pierre Simoneau. In an interview to the Journal of insurance, he stressed that he knows Jocelyn Leblanc for a long time, which facilitated the discussions. The agreement was signed yesterday.

No change is expected, said Mr. Simoneau, since the firm retains its corporate name, its place of business and its five employees. “The structure of operations also remains the same to ensure a smooth transition and safe for employees and customers. “It operates at both individual insurance and business insurance.

More than$ 190 Million in premium volume

The turquoise and Assurances Jocelyn Leblanc representing 275 employees, 12 business locations. Their volume of premiums totalled more than $ 190 million. Turquoise derives 58 % of its volume in individual insurance.

The last acquisition of turquoise dates back to June 2015, when the firm was acquired Innovaxion, a firm established in Laval. “This is not for lack of will if we have not made acquisitions since that time. There are no opportunities suitable to that presented themselves during this period. We always have a desire to grow, both organically and through acquisitions, ” said Mr. Simoneau.

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