Navacord Corp Merges With Acera Insurance Services (Clairvest exits)
February 2, 2026
Navacord Corp. completed its previously announced merger with Acera Insurance Services Ltd., formally closing on February 2, 2026. Clairvest Group Inc. (and Clairvest Equity Partners VI) fully exited its investment in Acera as part of the transaction, receiving gross proceeds of approximately C$407 million (80% cash and 20% in a promissory note payable over 24 months).
- Buyers
- Navacord Corp.
- Targets
- Acera Insurance Services Ltd., Acera Insurance Services Ltd. (Acera)
- Sellers
- Clairvest Group Inc. (through Clairvest Equity Partners VI), Clairvest Equity Partners VI Limited Partnership
- Industry
- Insurance
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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