McDougall expands financial services through two new deals

Acquisitions enhance cross-selling potential and deepen presence in Western Ontario

McDougall expands financial services through two new deals

Mergers & Acquisitions

By Josh Recamara

McFarlan Rowlands Insurance Brokers, a division of McDougall Insurance Brokers, has completed the acquisition of Burton Financial Group, effective Dec. 1. 

The move brings the two firms under a single corporate structure, providing enhanced resources and scale for Burton’s clients while supporting McFarlan’s growth in financial services.

As part of the integration, Chris Burton will lead all of McFarlan’s financial services operations, reflecting the organization’s focus on strengthening  its expertise in this area.

On the same date, McDougall Insurance Brokers also finalized the acquisition of the financial services business of Income First Financial Ltd., a successful financial planning practice operating in Kingston, Ontario. 

Income First will integrate with McDougall’s existing Kingston office to provide a more comprehensive and well-rounded experience for both property and casualty and financial services clients. 

This acquisition represents McDougall’s fourth financial services acquisition in 2025, following DJE & Associates, St. Albert Financial, and Duliban Life & Group Benefits, reinforcing the company’s strategy of complementing its P&C business with financial planning and wealth management services.

These acquisitions are designed to strengthen McDougall’s capacity to deliver integrated insurance and financial solutions while maintaining high standards of professionalism and customer service. 

The integration processes for both Burton and Income First will focus on ensuring smooth transitions and a positive client experience, while expanding the firms’ offerings and improving access to financial and insurance solutions.

By combining property and casualty services with financial planning, McDougall positions itself to provide clients with more holistic solutions that address both risk protection and long-term financial goals. 

For clients, this means a single point of contact for multiple services, more efficient service delivery, and access to a broader range of products tailored to individual needs.

From a market perspective, these acquisitions reinforce McDougall’s presence in Western Ontario and Kingston, enhancing its competitiveness in both the insurance and financial services sectors. They also demonstrate a broader industry trend of brokers integrating complementary services to provide a seamless experience for clients, leverage operational efficiencies, and strengthen market positioning.

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