SIB announces acquisition of Astro Insurance
SIB continues to expand its presence in Alberta with the acquisition of Astro Insurance
Ancaster, ON (June 4, 2024) – SIB Corp., operating as StoneRidge Insurance Brokers (“SIB”), is pleased to announce its continued expansion in Alberta with the acquisition of Astro Insurance.
Based in Lethbridge, AB, Astro Insurance is a full-service insurance brokerage and registry agent which has been operating since 1972. “We have been providing superior coverage and personalized personal and commercial insurance products to meet the needs of our clients for over 50 years. As part of the SIB network, we can continue to provide our customers with the same high level of service they have come to expect, as well as increase our capabilities in personal and commercial lines to provide comprehensive insurance solutions for all of our customers” said Mark Swartout of Astro Insurance. Following the acquisition, Astro Insurance will continue to be led by Mark and Cindy Swartout.
“Astro Insurance is an impressive business and presented a great opportunity for SIB to continue its expansion in Alberta. We are very excited to welcome Astro Insurance and Mark and Cindy to the SIB family. This is SIB’s 3rd transaction of 2024, and we are on pace to close a transformational deal in June” said Ted Puccini, SIB’s CEO and President.
About SIB
Headquartered in Ancaster, Ontario, with 57 partner locations, SIB is a best-in-class insurance brokerage and has been providing a full range of insurance, risk advisory, life and benefits services to businesses, associations and individuals since 1945. For more information on SIB’s partnership and investment approach, please visit stoneridgeinsurance.ca.
SOURCE: Stoneridge Insurance
Tags: Acquisition, Alberta, StoneRidge