Westland Insurance Group, which has eight locations in the Thompson Okanagan, has joined forces with Blackstone Credit.
Westland has refinanced its existing debt with a new, long-term debt financing led by Blackstone, which includes a committed and undrawn debt facility for acquisitions.
“We are very excited to be partnering with Blackstone Credit,” Westland president and COO Jamie Lyons said in a press release. “Through this partnership, we are extremely well-positioned to accelerate our organic and inorganic growth strategy and to accomplish our goal of becoming Canada’s leading insurance brokerage.
“The Blackstone partnership allows us to continue investing in our employees, communities and product offerings while remaining a family-owned, independent and proudly Canadian company.”
Westland has two locations in Kamloops and in Penticton, and one each in West Kelowna, Oliver, Princeton and Keremeos.
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