Armour Insurance Brokers Ltd. Joins the Synex

Québec City, May 7, 2026 – Synex Business Performance today announced a majority investment in Armour Insurance Brokers Ltd., an Ontario-based brokerage recognized for its expertise in commercial insurance, particularly in the transportation sector.

Based in Mississauga, at the heart of the Greater Toronto Area, the firm serves a diverse client base operating in complex business environments.

This transaction aligns with Synex’s strategy to strengthen its position in commercial property and casualty insurance and to develop high-value sector-specific expertise, while continuing its growth in key markets across Canada.

“This transaction represents an important milestone in our development. Armour’s addition enhances our commercial insurance offering with recognized and complementary expertise and strengthens our ability to support organizations with complex needs,” said Yan Charbonneau, CEO & Chief Vision Officer of Synex.

The trucking sector, at the core of North American supply chains, presents specific insurance challenges that require specialized expertise. The integration of Armour Insurance Brokers Ltd. enables Synex to strengthen its offering in this segment and expand its reach within a specialized client base.

“Joining Synex marks an important step for our organization. This partnership allows us not only to strengthen our position in a specialized market, but also to leverage a national platform to support our growth and diversify our presence across Canada, while maintaining our autonomy and entrepreneurial approach at the local level. It also gives us access to complementary expertise, for the direct benefit of our clients,” added Sumeet Sharma, CEO of Armour Insurance Brokers Ltd.

This transaction is part of building a national platform of expertise, enabling Synex to better support businesses operating in increasingly complex environments.

About Armour Insurance Brokers Ltd.

Armour Insurance Brokers Ltd. is a leading Canadian commercial insurance brokerage founded in 2010, with deep expertise in transportation, logistics, and complex commercial risk solutions. Headquartered in Mississauga, Ontario, Armour serves businesses across Canada through a client-centric and entrepreneurial approach focused on specialized industries and high-touch service.

Over the years, the organization has expanded into a broader insurance platform that includes affiliated brands such as Safe Bound and Sonic Insurance, both of which were founded through strategic partnerships designed to expand the group’s reach and capabilities across key segments of the insurance market.

Armour is recognized for its innovative approach to risk management, ability to navigate complex insurance challenges, and commitment to developing tailored solutions that help clients operate confidently in dynamic and fast-moving industries.

armour-insurance.com

About Synex Business Performance

Synex Business Performance is a Canadian insurance brokerage consolidator headquartered in Quebec, majority-owned and led by three Quebec-based principal partners, with strategic support from leading institutional investors, including La Caisse (formerly CDPQ) and Ares Management. Synex brings together more than twenty independent brokerage firms specializing in property and casualty insurance, group insurance and retirement solutions, and financial services.

Its mission is to preserve the independence of insurance brokerage in Canada by providing entrepreneurs with advanced expertise, structured shared services, and an environment conducive to sustainable growth. Synex is also a member of the Canadian Broker Network, the U.S.-based Intersure network, and the global UnisonSteadfast network, strengthening its presence in Canada and expanding its international reach.

synex.ca