Cornerstone Insurance Brokers Limited completes C$17.5 million acquisition of Pottruff & Smith Insurance Brokers Inc.

Date Closed: 7/31/2009

Value: C$17.5 million

On July 31, 2009 Cornerstone Insurance Brokers Limited completed its acquisition of all of the issued and outstanding shares of privately-held Pottruff & Smith Insurance Brokers Inc. for an aggregate purchase price of $17,500,000.00.

The selling shareholders and Pottruff & Smith Insurance Brokers Inc. was represented by BLG with a team lead by Frank Callaghan and Paul Simon.