Navacord on Track to Building a Forever Business with 16 New Shareholders
Toronto, ON, June 05, 2023 – Navacord is pleased to announce the largest addition yet to its ownership group, welcoming 16 new shareholders as of April 1. These partners represent nine of Navacord’s Broker Partners across Canada. After a record-breaking 2022, this milestone reinforces Navacord’s commitment to building not just a big business, but a great business—one that is a sustainable, “forever” business.
“To break yet another record with our largest shareholder group to date verifies Navacord’s culture and values, and our strategic business model,” says T. Marshall Sadd, Executive Chairman. “This group is filled with high-quality, talented people who will prove to be instrumental as we continue to achieve our mission of building the great Canadian brokerage together.”
2023’s new group of shareholders includes: Lisa Marie Neill, Irina Iordache, Jared Smith, and Dustin Linke, Lloyd Sadd; Dustin Halvorson, Henderson Insurance; Danielle Tuboly, TCIM; Stan Maslev and Dan Bilancia, Paisley Partners; Joe Tassone, Lyon & Butler; Samantha Morneau, C&C Insurance; Paul Hunter and Jim Batke, Ives Insurance; Matthew Doty, Whitley Newman; Graham Parker and Matthew MacMillan, Jones DesLauriers; and Rob Beeston, Navacord.
“We are pleased to welcome this outstanding group of individuals to Navacord’s ownership group. They display strong entrepreneurial spirit and expertise, and will contribute to the shared value of our organization as we continue to trailblaze in this industry,” adds Shawn DeSantis, President and CEO.
2022 and the first half of 2023 has seen Navacord average approximately 10% organic growth, reach over 30 partnerships/transactions, and acquire approximately $41 million in new business to approach $700 million in revenue.
Navacord looks forward to enhancing their operational excellence strategies through digital transformation and continuing to build a high-performance entrepreneurial ownership culture, as well as strengthening and diversifying their DEI and ESG agenda and portfolio for the remainder of 2023.