Clairvest to Exit Acera as part of Acera Merger with Navacord

Core Viewpoint - Clairvest Group Inc. has signed an agreement to sell its minority interest in Acera Insurance Services Ltd. as part of Acera's merger with Navacord Corp, which is expected to close in the first quarter of 2026, pending regulatory and shareholder approvals [1][3]. Company Overview - Acera Insurance Services Ltd. was formed through the merger of Rogers Insurance and CapriCMW in September 2022 and is now one of Canada's largest independent brokerages with over 750 employee shareholders [2]. - The company provides property & casualty and group benefits insurance solutions to both commercial and personal clients [2]. Financial Performance - During Clairvest's three-year partnership, Acera achieved a 70% growth in EBITDA and completed 24 tuck-in acquisitions [2]. - The sale is projected to positively impact Clairvest's book value by approximately CAD$4.00 per share upon closing [3]. Management and Partnership - The leadership team at Acera, including CEO Lee Rogers and Chairman/President Andrew Kemp, will roll a significant amount of their equity into the merged entity with Navacord [1]. - Clairvest has been a crucial partner in Acera's growth, providing support and strategic insight that has strengthened the business [5][6]. Investment Strategy - Clairvest's investment model focuses on entrepreneur-centric minority ownership, allowing management partners to retain control while achieving transformative outcomes [6]. - Clairvest has a history of successful investments in the insurance sector, building on its track record with other companies [4][7].