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]. Strategic Partnership - Clairvest has played a crucial role in Acera's growth, providing support that catalyzed the merger transaction in 2022 and helping to accelerate Acera's expansion across Canada [5][6]. - The partnership is characterized by an entrepreneur-centric minority ownership investment program that allows management to retain control while achieving transformative outcomes [6]. Future Outlook - The merger between Acera and Navacord is viewed as a favorable outcome for all stakeholders involved, including shareholders, employees, and customers [3].