McDougall expands in Alberta
McDougall Insurance Brokers Ltd. announced Apr. 1 that its Drayden Insurance Ltd. division acquired Tannas Insurance Brokers in St. Paul, Alta.
“Drayden and Tannas are an ideal fit, which is the single most important element of any deal we do,” Lorne McDougall, vice president of McDougall Insurance, says in a press release. “Brokers like Tannas, who care deeply about their homes, their community, their people and their staff, are exactly what we look for when identifying M&A partners.
“We are thrilled to be able to augment the excellence of the Tannas team with our size and expertise.”
As a component of the transaction, Tannas president Trevor Duchesneau will retire following a period of transition.
“I know that partnering with Drayden and McDougall ensures that what makes our business so special will endure. I am very proud of what our team has accomplished, and excited for what I know the future will bring,” Duchesneau says in the release.
Related: Industry M&A “knows no end.” What that means for smaller brokerages
According to its website, Tannas provides a range of coverages from personal lines and travel to farm and a range of commercial offerings including oil, gas and energy, construction and surety, transportation and fleet, and manufacturing and processing. The brokerage also offers life and health lines.
McDougall’s press release calls Tannas “iconic in the community of St. Paul” and Drayden president Catherine Cake says the nearly 75-year-old brokerage “already feels like part of the family.” She adds her firm’s scale and resources will now be available to support Tannas.
Last month, McDougall acquired Stoney Creek, Ont.-based brokerage Annex Insurance Group. The transaction took place through McDougall’s subsidiary, Duliban Insurance Brokers, and is the Pelham, Ont.-based firm’s first transaction since it joined McDougall in June of 2025.
And, late last year, McDougall expanded its financial services offerings by acquiring two firms. McFarlan Rowlands Insurance Brokers, a division of McDougall, acquired London, Ont.-based Burton Financial Group, while McDougall acquired the financial services business of Income First Financial of Kingston, Ont.
