Western Financial Group doubles ownership position in Falkins Insurance
Western Financial Group has increased its ownership position in Falkins Insurance Group from 20 percent to 40 percent. Falkins is south central British Columbia’s largest brokerage with locations in Cranbrook (2), Creston, Elkford, Fernie, Fruitvale, Golden, Kaslo, Kimberley, Salmo and Sparwood, B.C.
Western said in addition to doubling the current ownership position, all parties have agreed upon a pathway to provide Western with the ability to acquire full ownership of Falkins by December 31, 2013.
In a press release, Western’s President & CEO Scott Tannas said: “Prior to beginning our formal association with the Falkins Insurance Group back in May of 2005, we were keenly aware of their reputation for service excellence and financial performance. Our five year partnership has only served to deepen our respect and admiration for the executives and staff at Falkins. We are delighted to be able to increase our ownership position today, and are confident that the employees and customers of Falkins will be comfortable with the long term plan to join Western Financial Group. In the meantime, we will continue to watch and learn from Bob McGill and his team at Falkins.”
