Archway Insurance acquires J.H. Deveau Insurance in Meteghan
1st August 2018, Canada: Archway Insurance, one of Atlantic Canada’s largest and fastest growing insurance brokerages, purchased J.H. Deveau Insurance of Meteghan, Nova Scotia effective today, August 1, 2018.
“This acquisition builds on Archway’s already very solid client base in Southern Nova Scotia,” says Archway Insurance CEO Michael Stack. Archway opened its first location in 1985 in Yarmouth, NS.
“It’s a natural fit as Archway and J.H. Deveau have had a long time partnership through IIBI, and both are community focused family businesses.”
The deal increases J.H. Deveau’s commercial capabilities, along with adding life, travel, and employee benefits products to its client offerings. Access to all of Archway’s insurance companies also provides more options for personal insurance clients.
From a day-to-day perspective, Archway and J.H. Deveau are committed to business as usual. Jean Guy Comeau will continue to manage the operation with high-quality client-first service remaining the focus.
“Our employees are excited about the added benefits of joining Archway, and pleased to remain in our Meteghan office to continue providing local service and expert insurance advice to our clients,” says Jean Guy Comeau, President of J.H. Deveau.
The latest acquisition brings the number of Archway locations to 24 with approximately 50,000 clients and $110 Million in premium volume.
– ENDS –
|Michael Stack |
CEO, Archway Insurance
|Jean Guy Comeau |
President, J.H. Deveau Insurance
NOTES TO EDITORS:
Archway Insurance is an Atlantic-owned, independent insurance brokerage, and one of the largest in the region. Headquartered in Amherst, NS, it is a growing, progressive company with more than 150 employees at 24 conveniently located offices.
At Archway, we are committed to providing our clients with professional advice and excellent personal service. Our brokers are professionally trained with extensive knowledge in the areas of personal, business, group, and life insurance. In 2017 Archway received the Markel Award for Big Brokerage of the Year.
For further information about Archway, please visit our website archwayinsurance.ca.
About J.H. Deveau Insurance
J H Deveau Insurance was founded by Joseph Harley Deveau from Mavillette back in the early 1930’s. He grew his business from his home until in 1964 he sold to his son Raymond Deveau. Raymond incorporated the business and soon thereafter moved the office from Mavillette to Meteghan. For many years Raymond saw to the insurance needs of his clients. During these years, Raymond’s son-in-law Roland Comeau joined the family business and then took over in the late 1980’s when Raymond retired. Thanks to the support of a great staff and wonderful clients, the agency continues to service the insurance needs of their community. Jean-Guy Comeau, Roland’s son, represents the fourth generation of management.
The mission of JH Deveau Insurance (1964) Ltd is to provide quality insurance products and professional advice to our clients. We focus exclusively on general insurance products for the needs of our local community.