About Westland Insurance
Westland Insurance is a company based in Surrey (Canada) founded in 1980 by Jeff Wubs was acquired by BroadStreet Partners in May 2023.. The company has 905 employees as of December 31, 2024. Westland Insurance has completed 76 acquisitions, including AGI Insurance, Alberta Best Insurance and Andrew Agencies.
- Headquarter Surrey, Canada
- Employees 905 as on 31 Dec, 2024
- Founders Jeff Wubs
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Blackstone
& 2 more
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Employee Count
905
as on Dec 31, 2024
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Investments & Acquisitions
AGI Insurance
& 75 more
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Acquired by
BroadStreet Partners
(May 09, 2023)
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Funding Insights of Westland Insurance
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Unspecified - Westland Insurance | Valuation | BroadStreet Partners , Ontario Teachers' Pension Plan |
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| Jan, 2022 | Amount | Debt – Conventional - Westland Insurance | Valuation |
investors |
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| Jan, 2021 | Amount | Unspecified - Westland Insurance | Valuation | Blackstone |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Westland Insurance
Westland Insurance has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Blackstone, BroadStreet Partners and Ontario Teachers' Pension Plan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location | |
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Co-ownership investments are provided to independent insurance agencies.
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Founded Year | Domain | Location | |
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Pension funds focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Westland Insurance
Westland Insurance has strategically engaged in corporate development activities, having acquired 76 companies. Notable acquisitions include AGI Insurance, Alberta Best Insurance and Andrew Agencies. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Property and casualty insurance brokerage services are provided in Canada.
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2018 | ||||
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Diversified insurance brokerage services are offered across various sectors.
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2017 | ||||
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Diversified insurance brokerage services are provided across various sectors.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Westland Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Westland Insurance Comparisons
Competitors of Westland Insurance
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Westland Insurance
Frequently Asked Questions about Westland Insurance
When was Westland Insurance founded?
Westland Insurance was founded in 1980 and raised its 1st funding round 41 years after it was founded.
Where is Westland Insurance located?
Westland Insurance is headquartered in Surrey, Canada. It is registered at Surrey, British Columbia, Canada.
How many employees does Westland Insurance have?
As of Dec 31, 2024, the latest employee count at Westland Insurance is 905.
What does Westland Insurance do?
Westland Insurance was founded in 1980 in Surrey, Canada, as a provider of brokerage services in the insurance sector. Operations focus on auto, home, property, casualty, and business coverage. Services are extended to clients across these areas, supporting risk management and policy placement. The company maintains a presence in the Canadian market, handling diverse insurance needs for individuals and businesses.
How many acquisitions has Westland Insurance made?
Westland Insurance has made 76 acquisitions, including AGI Insurance, Alberta Best Insurance, and Andrew Agencies.
Who are Westland Insurance's investors?
Westland Insurance has 3 investors. Key investors include Blackstone, BroadStreet Partners, and Ontario Teachers' Pension Plan.