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On June 3, 2022, the shareholders of BMG Aviation Ltd. (“BMG”) completed their sale of all shares of BMG to Axis Insurance Managers Inc. (“Axis”).
BMG is an independent insurance broker, with insurance services for the aviation and aerospace industries. BMG has offices at the Calgary and Vancouver International Airports and is supported by industry partners in Canada, the United States, the United Kingdom, New Zealand and Australia.
Axis is was formed in 2010 through an amalgamation of several BC based insurance brokerages and now has over 150 team members.
Parties
Company
BMG Aviation Ltd.
Company
Axis Insurance Managers Inc.
Deal Type
Merger & AcquisitionIndustry
Banking/FinanceTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
03 June 2022