GCAN Insurance Company

P&C Insurance

Overview

TorQuest supported the carve-out and management buyout of this Toronto-based P&C insurance niche leader from its German parent company when the business experienced financial difficulties in 2003. The fundamentals were solid – solid management team, highly specialized expertise, strong broker network and excellent direct customer relationships – so we saw the opportunity to shore up the company financially, maintain management's growth strategy and assess potential acquisitions of targeted books of business. We sold GCAN to a large financial buyer in October 2005.