Co-operators enters home services market via swoop
Co-operators enters home services market via swoop | Insurance Business Canada
Mergers & Acquisitions
Co-operators enters home services market via swoop
“We have found an ideal partner,” says CEO of acquired business
Mergers & Acquisitions
By
Terry Gangcuangco
Carson Dunlop – spanning Carson Dunlop & Associates, Carson Dunlop Weldon & Associates, and GPI Franchise Corp. – has been acquired by a subsidiary of Co-operators Financial Services. The financial terms of the deal were not disclosed.
The acquisition marks Co-operators’ entry into the home services market.
“Home services is a new business line at Co-operators, and one which is perfectly tied to our purpose,” Steve Phillips, executive vice president of emerging & adjacent business models at Co-operators, said in a release. “Our combined capabilities with Carson Dunlop will provide an unparalleled inspection experience.
“We are committed to participating in the home services industry, and Carson Dunlop is an excellent match for our purpose, vision, and values.”
The change in ownership will not alter how Carson Dunlop operates. Established 46 years ago, Carson Dunlop sees more than 200,000 inspections across its platform throughout the year.
Craig Rowsell, chief executive of Carson Dunlop & Associates, commented: “In Co-operators, we have found an ideal partner that brings a wealth of experience, relationships, and resources to drive growth and long-term value for our stakeholders.
“Our core values are in sync, and Co-operators’ long-term vision uniquely positions us to effectively scale our network and help us live our purpose: to better the lives of homeowners.”
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