Westaim Corporation completes acquisition of ManhattanLife of America Insurance Company

financialpost.com February 5, 2025, 03:01 PM UTC

Westaim Corporation has completed its acquisition of ManhattanLife of America Insurance Company through Salem Group Partners. This follows a previously announced transaction with CC Capital Partners. ManhattanLife holds insurance licenses in 46 states, marking a significant step in Westaim's strategy to create an integrated insurance and asset management platform. Westaim focuses on long-term investments in the financial services sector, aiming to enhance shareholder value. The company's shares are traded on the TSX Venture Exchange under the symbol "WED."


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