ANCASTER, ON — SIB Corp., operating as StoneRidge Insurance Brokers (“SIB”), a
leading independent provider of insurance and consulting services, whose platforms
include an insurance brokerage, MGA/MGU, group benefits and an adjusting firm,
has partnered with K5 Insurance Inc. (“K5”), expanding its personal and commercial
insurance presence in Manitoba and into Saskatchewan.
K5 is a full-service insurance brokerage servicing clients throughout the prairies since
1967. With three locations, K5 provides a suite of personal and commercial offerings
with the goal of providing the information and products needed for a customer to
make informed decisions at competitive prices.
“We are excited to be a part of the StoneRidge family – this new beginning for K5 will
provide us access to additional markets, products and resources. We believe being
part of StoneRidge will allow us to meet our customers’ needs and offer competitive
premiums to achieve the right solution,” said Mike Klassen, President of K5.
“We are extremely lucky to have Mike and K5 as part of the SIB family. This
transaction demonstrates our continued focus on becoming a national broker. SIB
has completed three transactions so far in 2022, with another three transactions
expected to close in the next 60 days” said Ted Puccini, SIB’s CEO and President.
K5 is the twelfth investment that SIB has made since partnering with CIVC Partners,
LP, a private equity firm (www.civc.com), in November 2019. SIB continues to actively
seek additional partnership and acquisition opportunities and is committed to
growing organically and through investments across Canada.
About SIB
For more information on SIB’s partnership and investment approach, please visit
www.stoneridgeinsurance.ca/partnerplatform.
Press Contact
Trevor Cruise
416-894-6429
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