Canada-based Storm Insurance Holdings Inc.'s retail insurance brokerage division, A.P. Reid Insurance, will acquire Sheppard Insurance Service and Risk Management Ltd.
The deal will close May 1. After the completion, Grant Sheppard and Scott Zurfluh, owners of Edmonton, Alberta-based Sheppard Insurance, will maintain their leadership roles for Dartmouth, Nova Scotia-based Storm Insurance's western operations.
A.P. Reid Insurance will shift its Edmonton-based team into the office of Sheppard Insurance, although employees of the companies will continue to serve customers under their respective brands.
Sheppard Insurance Service and Risk Management is a brokerage specializing in industries such as trucking, aviation, automotive, manufacturing and property management.