Echoing the sentiments of strategic alignment and growth, Serge Lavoie, president and CEO of ICPEI, remarked, “This acquisition is clearly in line with ICPEI’s strategic goals to expand insurance distribution across the country and pave the way for even greater collaborations on the Canadian market.”
The decision to expedite the acquisition comes after Desjardins’ initial minority interest purchase in ICPEI in February 2023, with an original timeline set for a complete acquisition within three to five years.
Prompted by favorable market conditions and ICPEI’s adherence to partnership commitments, Desjardins accelerated its acquisition strategy. This move aligns with Desjardins’ broader objectives of growth and proactive engagement in key sectors.
This acquisition stands as a significant milestone for Desjardins, ICPEI, and their partnering brokers, promising enhanced services for Canadian businesses and avenues for growth in strategic sectors.
