About Navacord
Navacord is a Financial Services company based in Mississauga (Canada) founded in 2014 by Shawn DeSantis and T Marshall Sadd, and was acquired by MDP in July 2018. Insurance brokerage services are provided across Canada by Navacord. Navacord has completed 21 acquisitions, including Belay Advisory, Benemax and Binks Commercial Insurance. Its chief executive, as recorded, is Shawn DeSantis. Navacord offers products and services including Commercial Insurance and Benefits and Retirement. Its focus areas include Insurance Distribution and Diversified. Its legal entity is Navacord Inc.
Company details
Navacord offers Commercial Insurance, Benefits and Retirement while focusing on offering financial products and advice, insurance distribution, and diversified. Insurance broker. Delivering reliable solutions, it emphasizes quality, efficiency, and meeting diverse client needs. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Mississauga, Canada
- Founders Shawn DeSantis, T Marshall Sadd
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website navacord.com
- Social LinkedIn X Facebook
- Acquired by MDP (Jul 2018)
- Legal Name Navacord Inc.
- Latest Funding Round$833.37M (USD), Debt – Conventional
Mar 2021
- Investors
- Investments & AcquisitionsBelay Advisory
& 20 more
- Acquired byMDP
(Jul 2018)
Products & Services of Navacord
Navacord offers a comprehensive portfolio of products and services, including Commercial Insurance and Benefits and Retirement.
Commercial insurance is provided to sectors like construction and hospitality, where expertise and resources are utilized to assist broker partners.
Benefits and retirement solutions are delivered by Navacord to enable innovative packages that differentiate broker partners in the market.
Funding Insights of Navacord
- Total Rounds 1
- Last Round Debt – Conventional — $833.37M
- First Round $833.37M
(Mar 2021)
All 1 funding rounds of Navacord with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2021 | $833.37M | Debt – Conventional | – | – | – |
1 investors in total: 1 institutional.
Investors in Navacord
Navacord has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Madison Dearborn Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are directed toward key sectors by MDP. | mdcp.com | Chicago, United States |
Investor details for Navacord
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Navacord
31 people are tracked at Navacord (18 in leadership, 13 in team).
| Name | Role | Group |
|---|---|---|
Shawn DeSantis | Co-Founder & CEO | Leadership |
T Marshall Sadd | Co-Founder & Executive Chairman | Leadership |
Jing Wang | Senior Vice President Finance | Leadership |
Blake Vecchiato | Director Of Finance | Leadership |
Patty Fischer | Director Of Learning And Development | Leadership |
Winnie Farhadi | Executive Assistant To The Chief Operations Officer, Sr. VP & General Counsel And Sr. VP HR | Leadership |
Susan Scott | Chief Information Officer | Leadership |
Greg Irvine | President, Navacord Underwriting | Leadership |
Brady Desantis | Vice President, Underwriting Solutions | Leadership |
Michael Bastone | Managing Director, International | Leadership |
Catrina Alimena | Executive Assistant To The President & CEO | Leadership |
Steven Ridgeway | Chief Financial & Operating Officer | Leadership |
Melanie Muise | President, Personal Lines & Travel | Leadership |
Adam Fowler | Managing Director | Leadership |
Mark Shaul | Managing Director | Leadership |
Vanessa Cook | Vice President Finance | Leadership |
Cara Hawkins-Driscoll | Vice President, Market Development & Placement | Leadership |
Jennifer A. Adams | Managing Director | Leadership |
Tanveer Ahmed | Senior Accountant | Team |
Dylan Bass | Manager, Legal | Team |
11 more people are available in the full profile.
Complete people profiles for Navacord
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Navacord
Navacord has strategically engaged in corporate development activities, having acquired 21 companies. Notable acquisitions include Belay Advisory, Benemax and Binks Commercial Insurance.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Marine insurance brokerage providing insurance for recreational boaters, commercial vessel owners, and marina operators | navismarine.ca | Vancouver, Canada | 2011 | May 2024 | •••• | |
Property and casualty insurance is offered by Harbord Insurance. | harbordinsurance.com | Victoria, Canada | 1947 | Oct 2023 | •••• | |
Health and travel insurance brokerage services are provided. | mediquote.ca | Winnipeg, Canada | 1994 | Aug 2023 | •••• | |
Business strategy, advisory, financial, and consulting services are provided. | belay.ca | Edmonton, Canada | 1989 | Jul 2023 | •••• | |
Provider of health & dental insurance outsourcing services | rwam.com | Elmira, Canada | 1988 | May 2023 | •••• | |
Home, auto, life, and commercial insurance services are provided. | pib.com | Elmira, Canada | 1980 | May 2023 | •••• | |
Commercial insurance and specialized programs are provided for various sectors. | binks.ca | Ottawa, Canada | 1918 | Jul 2022 | •••• | |
Auto, homeowner, RV, and commercial insurance services are provided. | newmaninsurance.ca | Campbellford, Canada | 1870 | Jun 2022 | •••• | |
Financial planning and insurance services are provided to clients. | lyonbutler.com | Vaughan, Canada | 1931 | May 2022 | •••• | |
Employee benefit services are provided to support workforce needs. | grouplockhart.com | London, Canada | 2000 | Jan 2022 | •••• |
Complete acquisition details for Navacord
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Navacord
13 dated milestones of Navacord across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Navacord is founded.
- Exit Acquired by MDP.
- Funding First funding round of $833.4M.
- Acquisition Acquires Group Lockhart.
- Acquisition Acquires Lyon & Butler.
- Acquisition Acquires Newman Insurance.
- Acquisition Acquires Binks Commercial Insurance.
- Acquisition Acquires RWAM.
- Acquisition Acquires Programmed Insurance Brokers.
- Acquisition Acquires Belay Advisory.
- Acquisition Acquires Medi-Quote.
- Acquisition Acquires Harbord Insurance.
- Acquisition Acquires Navis Marine.
Web traffic of Navacord
The website of Navacord (navacord.com) receives about 8.2K visits a month.
- Monthly visits8.2K
▼ 15.6% vs previous month
Websites whose visitors overlap most with Navacord. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
downtownkelowna.com | downtownkelowna.com | 100% | #3,044,546 | – |
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Frequently Asked Questions about Navacord
Navacord was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Navacord is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Shawn DeSantis is the CEO of Navacord, as recorded in our data. They have also founded this company.
Navacord offers Commercial Insurance, Benefits and Retirement while focusing on offering financial products and advice, insurance distribution, and diversified. Insurance broker. Delivering reliable solutions, it emphasizes quality, efficiency, and meeting diverse client needs. It continues to evolve, meeting industry challenges with strategic approaches.
Navacord offers Commercial Insurance and Benefits and Retirement.
Navacord has made 21 acquisitions, including Belay Advisory, Benemax, and Binks Commercial Insurance.
Navacord has 1 investor. Key investors include Madison Dearborn Partners.
Navacord operates through Navacord Inc..
Yes. Navacord was acquired by MDP in July 2018.