Intact Financial Corp. is acquiring Vancouver, British Columbia-based On Side Developments Ltd., the parent of On Side Restoration Services Ltd.
The transaction is expected to close on or before Oct. 1. It is subject to certain conditions, including regulatory approval.
The purchase price will be financed from internal resources. The acquisition will provide immediate low single-digit accretion to net operating income per share and mild accretion to return on equity, according to the company.