Canada-based Westland Insurance Group Ltd. will acquire First West Credit Union subsidiary First West Insurance Services, effective Sept. 30.
First West provides personal, auto and business insurance in British Columbia.
Westland will add 300 employees and 36 offices from First West through the transaction. Following the acquisition, Westland will have nearly 1,500 employees and more than 130 offices in British Columbia, Alberta and Saskatchewan.
BMO Capital Markets acted as financial adviser to Westland, and KPMG Corporate Finance acted as financial adviser to First West.
