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Corporate Profile
McLarens Canada is headquartered in Toronto, Ontario and is one of Canada's leading claims service companies with over thirty years of experience. McLarens provides a wide range of insurance adjustment services in the property, casualty and marine markets. McLarens has offices in ten provinces and territories across Canada as well as strategic partnerships with offices throughout the United States and around the world.
Financial Situation
Since its inception in 1976, McLarens has become a major player in the claims services industry. To continue its rapid growth, capital was required for acquisition and to further strengthen the company's position in the insurance industry. The firm also benefited from membership, through Granite, in a group of complementary businesses (ie. King Reed and Sibley) with critical mass and secure reputations. This relationship enables the provision of one stop shopping for those customers requiring such a service.
Granite Contribution
A partnership that included investment from Granite provided the financial expertise and capital to fuel McLarens' rapid growth. Granite's industry specific and general financial knowledge will help the company capitalize on multiple acquisition opportunities.
Results
McLarens Canada is now prudently capitalized to allow management to compete as a major national player in the claims services and insurance services industry. The company now has the funding to capitalize on the numerous acquisition opportunities that present themselves.
Contact Information
Michael C. Holden, B.E.S., FCIP
President & CEO
McLarens Canada, 5935 Airport Road,
Suite 210, Mississauga, ON, L4V 1W5
Tel: (416) 252-4431 or 1-800-668-6100
Web: www.mclarens.ca
E-mail: michael.holden@mclarens.ca
