Equisure acquires Ontario broker

Equisure Financial Network Inc. (TSE: EFN) has entered into an agreement to acquire Sudbury-based Dinan Insurance Brokers and Financial Services Ltd., a multi-line general insurance and financial service brokerage. The undisclosed purchase price will be paid partly in cash and partly in Equisure shares. Equisure is acquiring a well known regional broker in Dinan. It was recognized for the 1998 AXA Insurance Broker of the Year Award. The acquisition increases Equisure’s consolidated annualized commission revenue to over $90 million and increases network volume to over $255 million. The network currently has 137 offices across Canada.