AllWest Insurance (“AllWest”) is a leading autoplan insurance agency in British Columbia, Canada. The company focuses on servicing the premium and luxury vehicles market.
AllWest was an innovator of mobile insurance services, with the motto: “We come to you, wherever you are.” The company has mobile agents serving 150 vehicle dealerships, wholesalers and leasing companies in the province.
The company had experienced significant market share expansion over its history. So the shareholders were looking for a strong partner to work with who could share their expertise and invest in the continued growth of the business.
We approached a select number of parties deemed to be suitable partners. Ultimately, the shareholders chose Highland West Capital, a local private equity firm that offered strong support by growing the senior management team and targeting future acquisitions.
We found an investor for AllWest that allowed the shareholders to achieve both their financial and business succession objectives, while still allowing them to benefit from the future growth of the business.
“We were very impressed with PwC Corporate Finance’s ability to assist us throughout the transaction—from finding the right buyer, helping us effectively negotiate the right terms, manage the due diligence process and then working through the final negotiation points to successfully conclude the transaction.”
— AllWest Insurance shareholders