logo
#

Latest news with #MikeO'Connor

Oceanic Wind Energy Inc. and Coast Tsimshian Enterprises Ltd. Secure IUP for Offshore Wind Development in Hecate Strait
Oceanic Wind Energy Inc. and Coast Tsimshian Enterprises Ltd. Secure IUP for Offshore Wind Development in Hecate Strait

Hamilton Spectator

time07-07-2025

  • Business
  • Hamilton Spectator

Oceanic Wind Energy Inc. and Coast Tsimshian Enterprises Ltd. Secure IUP for Offshore Wind Development in Hecate Strait

VANCOUVER, British Columbia, July 07, 2025 (GLOBE NEWSWIRE) — Oceanic Wind Energy Inc. ('Oceanic') is proud to announce a major milestone in the advancement of the offshore wind project in Hecate Strait, located just west of Stephens Island. In partnership with Coast Tsimshian Enterprises Ltd. ('CTE'), Oceanic has been jointly granted an Investigative Use Permit (IUP) for the first phase of development, targeting a capacity of 600 to 700 megawatts (MW). CTE is a 50/50 partnership of the Metlakatla and Lax Kw'alaams First Nations. 'This agreement brings Oceanic and CTE a major step closer to realizing Canada's first offshore wind project,' said Mike O'Connor, President, Oceanic Wind Energy Inc. Hecate Strait, in Northwest British Columbia, is home to one of the world's most powerful and consistent wind resources. With Class 7 wind conditions, low shear and turbidity, average annual wind speeds exceeding 10 m/s, and a winter capacity factor of over 65%, the area offers an unparalleled opportunity to generate clean, reliable energy—especially during BC's peak demand season. Strategically located, the Oceanic Wind Project is uniquely positioned to deliver utility-scale renewable power to a region with growing energy needs and limited alternatives. The project could play a critical role in supporting the energy demands of the Port of Prince Rupert and the expanding industrial and resource sectors across Northwest BC. 'We look forward to working closely with Oceanic to develop this transformative project,' said Ryan Leighton, Director, Coast Tsimshian Enterprises Ltd. 'This first phase will help power the region's growth while creating long-term economic and environmental benefits.' In addition to supporting regional development, the project will contribute significantly to Canada's greenhouse gas (GHG) reduction goals and reinforce British Columbia's leadership in cost-effective, green energy generation. About Oceanic Wind Energy Inc. Oceanic Wind Energy Inc. is a Vancouver-based renewable energy company listed on the TSX Venture Exchange-NEX (TSXV-NEX : NKW.H) The company is focused on developing large-scale offshore wind projects to support Canada's transition to a clean energy future. About Coast Tsimshian Enterprises Ltd. Coast Tsimshian Enterprises Ltd. (CTE) is a 100% Indigenous owned collaborative undertaking between Lax Kw'alaams and Metlakatla First Nations. The CTE mandate is to promote and develop commercial opportunities for the benefit of the shareholders. Since its founding in 2011, Coast Tsimshian Enterprises has a track record of partnering with First Class organizations to promote the development and implementation of opportunities for Lax Kw'alaams and Metlakatla First Nations. An Investigative Use Permit (IUP) is an exclusive type of tenure that allows organizations to occupy and utilize Crown land for the purpose of conducting investigations and collecting data related to a potential project or activity. Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to several risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf. Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information please contact: Michael O'Connor, President & CEO Oceanic Wind Energy Inc. Tel: 604-631-4483 Email: moconnor@ A photo accompanying this announcement is available at

Ethos Capital-led consortium to take ownership position in BroadStreet
Ethos Capital-led consortium to take ownership position in BroadStreet

Yahoo

time14-04-2025

  • Business
  • Yahoo

Ethos Capital-led consortium to take ownership position in BroadStreet

A consortium of investors led by Ethos Capital, British Columbia Investment Management and White Mountains has agreed to acquire an ownership position in insurance brokerage BroadStreet Partners. The financial terms of the agreement remain undisclosed. Ontario Teachers' Pension Plan acquired a majority stake in BroadStreet in 2012 and will retain a co-control stake, continuing its partnership with the new investor group. BroadStreet Partners specialises in commercial and personal property & casualty and employee benefits and is known for its collaborative model with Core Agency Partners. This model involves BroadStreet's provision of resources, tools and expertise to support the growth and performance of these independent insurance agencies. The company's co-ownership structure involves more than 800 colleagues who hold equity in their respective Core Agencies. The new partnership is expected to strengthen BroadStreet's long-term strategy, which includes further investments in technology and digital transformation. BroadStreet CEO Mike O'Connor said: 'BroadStreet is uniquely positioned as the partner of choice for successful entrepreneurs seeking new avenues for growth. Our differentiated co-ownership model and proven strategy empower our 30 Core Agency Partners to scale their businesses with confidence. 'For over a decade, the Ontario Teachers' team has been a value-added partner to us. We are excited to continue this collaboration and now join forces with Ethos, BCI and White Mountains, leveraging their collective expertise to enhance our capabilities and drive sustained growth.' BroadStreet has operations across all 50 US states and all ten Canadian provinces. Advisory services for the transaction were provided by Ardea Partners as the lead financial advisor to Ontario Teachers' and BroadStreet, with RBC Capital Markets and BMO Capital Markets as co-advisors. Legal counsel was provided by Latham & Watkins and Torys for Ontario Teachers' and BroadStreet, Kirkland & Ellis for Ethos Capital, Debevoise & Plimpton for BCI, and Cravath, Swaine & Moore for White Mountains. "Ethos Capital-led consortium to take ownership position in BroadStreet " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

Ethos Capital-led consortium to take ownership position in BroadStreet
Ethos Capital-led consortium to take ownership position in BroadStreet

Yahoo

time14-04-2025

  • Business
  • Yahoo

Ethos Capital-led consortium to take ownership position in BroadStreet

A consortium of investors led by Ethos Capital, British Columbia Investment Management and White Mountains has agreed to acquire an ownership position in insurance brokerage BroadStreet Partners. The financial terms of the agreement remain undisclosed. Ontario Teachers' Pension Plan acquired a majority stake in BroadStreet in 2012 and will retain a co-control stake, continuing its partnership with the new investor group. BroadStreet Partners specialises in commercial and personal property & casualty and employee benefits and is known for its collaborative model with Core Agency Partners. This model involves BroadStreet's provision of resources, tools and expertise to support the growth and performance of these independent insurance agencies. The company's co-ownership structure involves more than 800 colleagues who hold equity in their respective Core Agencies. The new partnership is expected to strengthen BroadStreet's long-term strategy, which includes further investments in technology and digital transformation. BroadStreet CEO Mike O'Connor said: 'BroadStreet is uniquely positioned as the partner of choice for successful entrepreneurs seeking new avenues for growth. Our differentiated co-ownership model and proven strategy empower our 30 Core Agency Partners to scale their businesses with confidence. 'For over a decade, the Ontario Teachers' team has been a value-added partner to us. We are excited to continue this collaboration and now join forces with Ethos, BCI and White Mountains, leveraging their collective expertise to enhance our capabilities and drive sustained growth.' BroadStreet has operations across all 50 US states and all ten Canadian provinces. Advisory services for the transaction were provided by Ardea Partners as the lead financial advisor to Ontario Teachers' and BroadStreet, with RBC Capital Markets and BMO Capital Markets as co-advisors. Legal counsel was provided by Latham & Watkins and Torys for Ontario Teachers' and BroadStreet, Kirkland & Ellis for Ethos Capital, Debevoise & Plimpton for BCI, and Cravath, Swaine & Moore for White Mountains. "Ethos Capital-led consortium to take ownership position in BroadStreet " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

Ethos Capital, BCI, and White Mountains to Partner with BroadStreet and Ontario Teachers' to Drive Next Chapter of Growth
Ethos Capital, BCI, and White Mountains to Partner with BroadStreet and Ontario Teachers' to Drive Next Chapter of Growth

Yahoo

time10-04-2025

  • Business
  • Yahoo

Ethos Capital, BCI, and White Mountains to Partner with BroadStreet and Ontario Teachers' to Drive Next Chapter of Growth

COLUMBUS, Ohio & BOSTON & TORONTO, April 10, 2025--(BUSINESS WIRE)--BroadStreet Partners ("BroadStreet" or the "Company"), a leading North American insurance brokerage company, announced today that an investor group led by Ethos Capital ("Ethos"), British Columbia Investment Management Corporation ("BCI"), and White Mountains Insurance Group, Ltd. ("White Mountains"), will acquire an ownership position in BroadStreet. Under the terms of the agreement, Ontario Teachers' Pension Plan ("Ontario Teachers'") will maintain a significant co-control stake and operate in partnership with the Ethos-led investor group. BroadStreet is a leading middle-market insurance brokerage focused on commercial and personal property & casualty and employee benefits. BroadStreet partners with leading independent insurance agencies, known as Core Agency Partners. Complementing its M&A capabilities and capital solutions, the Company provides a vast network of market resources, tools, and expertise to its Core Agency Partners, working alongside them to drive organic growth and improve agency performance. BroadStreet is unique in the market because of its co-ownership model with more than 800 colleagues that own equity in their local Core Agencies. The co-ownership approach creates focused alignment between BroadStreet and its Core Agency Partners around growth and value creation. The partnership with Ethos and its co-investors will support BroadStreet's long-term plans, including its continued investment in technology and digital transformation. Mike O'Connor, Chief Executive Officer, BroadStreet said: "BroadStreet is uniquely positioned as the partner of choice for successful entrepreneurs seeking new avenues for growth. Our differentiated co-ownership model and proven strategy empower our 30 Core Agency Partners to scale their businesses with confidence. For over a decade, the Ontario Teachers' team has been a value-added partner to us. We are excited to continue this collaboration and now join forces with Ethos, BCI, and White Mountains, leveraging their collective expertise to enhance our capabilities and drive sustained growth." Rick Miley, Founder and Board Member, BroadStreet said: "We are proud of the tremendous growth that we have achieved on our journey over the last dozen years with the support of Ontario Teachers'. We now look forward to continuing and strengthening that partnership with the addition of the new Ethos-led investor group. We see tremendous value in being able to tap into the combined expertise of the Ontario Teachers' and Ethos-led teams to the benefit of our Core Agency leaders. By coming together, BroadStreet is taking a significant step forward on our mission to become the preferred home for premier insurance agencies in North America." Ethos Capital invests in seasoned companies like BroadStreet, with proven business models and management teams, which are ready for accelerated growth, sustainable long-term value creation, and enhanced performance. The firm's unique Executive Partner model pairs experienced investors and industry practitioners with the leaders of its portfolio companies, partnering in their growth. Brent Stone, Managing Partner, Ethos Capital said: "BroadStreet has developed a highly differentiated business model – consistently building its expertise and scale through its industry network and a growing set of Core Agency Partners. Our Ethos leadership team and co-investors have significant experience in accelerating growth and long-term value creation for high-performance companies including in the insurance sector. We look forward to partnering with an executive of Mike's caliber and his team to pursue their future growth ambitions." Ontario Teachers' acquired a majority stake in BroadStreet in 2012 and has taken an active role in supporting the organization's growth by focusing on long-term value creation. Under its ownership, BroadStreet has meaningfully scaled the business and become one of the top private brokerages in North America, with a presence in all 50 U.S. states and all 10 Canadian provinces. The business has consistently delivered strong operational performance by leveraging its extensive local relationships and nationwide expertise. Jeff Markusson, Senior Managing Director, Private Capital, Ontario Teachers' and BroadStreet Board Member commented: "BroadStreet has experienced tremendous growth as a result of its unique co-ownership model and strong management team. As we continue to focus on creating long-term value at BroadStreet, we are delighted to bring in like-minded partners with a proven track record in the insurance industry. Ethos and its co-investors share our vision of growing BroadStreet into the premier insurance brokerage company in North America by capitalizing on sectoral tailwinds and accelerating both organic and inorganic growth efforts." Ardea Partners served as lead financial advisor to Ontario Teachers' and BroadStreet, and RBC Capital Markets and BMO Capital Markets served as co-advisors. Latham & Watkins LLP and Torys LLP served as legal counsel to Ontario Teachers' and BroadStreet. Kirkland & Ellis LLP served as legal counsel to Ethos Capital. Debevoise & Plimpton LLP served as legal counsel to BCI. Cravath, Swaine & Moore LLP served as legal counsel to White Mountains. About BroadStreet Partners BroadStreet Partners is an insurance brokerage company headquartered in Columbus, Ohio. The Company invests in select, entrepreneurial, high-performing independent agencies looking for capital support and partnership. With 30 Core Agency Partners, BroadStreet provides ownership opportunities for more than 800 agency professionals across the U.S. and Canada. The company is a top North American private brokerage firm according to Insurance Journal's 2024 Top Property/Casualty Agencies. About Ethos Capital Ethos Capital is a global investment firm that makes majority and minority control investments in middle-market companies, primarily across North America and Europe. The firm's 21 Executive Partners collaborate with its portfolio companies, providing them with a network of resources and expertise to strategically enhance operations and accelerate their growth. For more information, visit About Ontario Teachers' Ontario Teachers' Pension Plan Board (Ontario Teachers') is a global investor with net assets of $266.3 billion as of December 31, 2024. Ontario Teachers' is a fully funded defined benefit pension plan, and it invests in a broad array of asset classes to deliver retirement security for 343,000 working members and pensioners. For more information, visit and follow us on LinkedIn. About BCI British Columbia Investment Management Corporation (BCI) is amongst the largest institutional investors in Canada, with C$250.4 billion in gross assets under management as of March 31, 2024. Based in Victoria, British Columbia, with offices in Vancouver, New York, and London, U.K., BCI manages a portfolio of diversified public and private market investments on behalf of its British Columbia pension fund and institutional clients. BCI Private Equity actively manages a C$31 billion global portfolio of privately held companies and funds with the potential for long-term growth and value creation. Leveraging sector-focused teams in financial services, business services, consumer, healthcare, industrials, technology, media and telecommunications, BCI works with strategic private equity partners to source and manage direct and co-sponsor/co-investment opportunities. Learn more at About White Mountains White Mountains Insurance Group, Ltd. (NYSE: WTM) is a Bermuda-domiciled financial services holding company traded on the New York Stock Exchange and the Bermuda Stock Exchange under the symbols WTM and respectively. Additional financial information and other items of interest are available at the company's web site located View source version on Contacts MediaEthos Capital Prosek PartnersBea Broderickpro-ethoscapital@ BCI Olga Petryckimedia@ Ontario Teachers' Dan Madge/James DeCosimomedia@ Sign in to access your portfolio

Ethos Capital, BCI, and White Mountains to Partner with BroadStreet and Ontario Teachers' to Drive Next Chapter of Growth
Ethos Capital, BCI, and White Mountains to Partner with BroadStreet and Ontario Teachers' to Drive Next Chapter of Growth

Associated Press

time10-04-2025

  • Business
  • Associated Press

Ethos Capital, BCI, and White Mountains to Partner with BroadStreet and Ontario Teachers' to Drive Next Chapter of Growth

COLUMBUS, Ohio & BOSTON & TORONTO--(BUSINESS WIRE)--Apr 10, 2025-- BroadStreet Partners ('BroadStreet' or the 'Company'), a leading North American insurance brokerage company, announced today that an investor group led by Ethos Capital ('Ethos'), British Columbia Investment Management Corporation ('BCI'), and White Mountains Insurance Group, Ltd. ('White Mountains'), will acquire an ownership position in BroadStreet. Under the terms of the agreement, Ontario Teachers' Pension Plan ('Ontario Teachers'') will maintain a significant co-control stake and operate in partnership with the Ethos-led investor group. BroadStreet is a leading middle-market insurance brokerage focused on commercial and personal property & casualty and employee benefits. BroadStreet partners with leading independent insurance agencies, known as Core Agency Partners. Complementing its M&A capabilities and capital solutions, the Company provides a vast network of market resources, tools, and expertise to its Core Agency Partners, working alongside them to drive organic growth and improve agency performance. BroadStreet is unique in the market because of its co-ownership model with more than 800 colleagues that own equity in their local Core Agencies. The co-ownership approach creates focused alignment between BroadStreet and its Core Agency Partners around growth and value creation. The partnership with Ethos and its co-investors will support BroadStreet's long-term plans, including its continued investment in technology and digital transformation. Mike O'Connor, Chief Executive Officer, BroadStreet said: 'BroadStreet is uniquely positioned as the partner of choice for successful entrepreneurs seeking new avenues for growth. Our differentiated co-ownership model and proven strategy empower our 30 Core Agency Partners to scale their businesses with confidence. For over a decade, the Ontario Teachers' team has been a value-added partner to us. We are excited to continue this collaboration and now join forces with Ethos, BCI, and White Mountains, leveraging their collective expertise to enhance our capabilities and drive sustained growth.' Rick Miley, Founder and Board Member, BroadStreet said: 'We are proud of the tremendous growth that we have achieved on our journey over the last dozen years with the support of Ontario Teachers'. We now look forward to continuing and strengthening that partnership with the addition of the new Ethos-led investor group. We see tremendous value in being able to tap into the combined expertise of the Ontario Teachers' and Ethos-led teams to the benefit of our Core Agency leaders. By coming together, BroadStreet is taking a significant step forward on our mission to become the preferred home for premier insurance agencies in North America.' Ethos Capital invests in seasoned companies like BroadStreet, with proven business models and management teams, which are ready for accelerated growth, sustainable long-term value creation, and enhanced performance. The firm's unique Executive Partner model pairs experienced investors and industry practitioners with the leaders of its portfolio companies, partnering in their growth. Brent Stone, Managing Partner, Ethos Capital said: 'BroadStreet has developed a highly differentiated business model – consistently building its expertise and scale through its industry network and a growing set of Core Agency Partners. Our Ethos leadership team and co-investors have significant experience in accelerating growth and long-term value creation for high-performance companies including in the insurance sector. We look forward to partnering with an executive of Mike's caliber and his team to pursue their future growth ambitions.' Ontario Teachers' acquired a majority stake in BroadStreet in 2012 and has taken an active role in supporting the organization's growth by focusing on long-term value creation. Under its ownership, BroadStreet has meaningfully scaled the business and become one of the top private brokerages in North America, with a presence in all 50 U.S. states and all 10 Canadian provinces. The business has consistently delivered strong operational performance by leveraging its extensive local relationships and nationwide expertise. Jeff Markusson, Senior Managing Director, Private Capital, Ontario Teachers' and BroadStreet Board Member commented: 'BroadStreet has experienced tremendous growth as a result of its unique co-ownership model and strong management team. As we continue to focus on creating long-term value at BroadStreet, we are delighted to bring in like-minded partners with a proven track record in the insurance industry. Ethos and its co-investors share our vision of growing BroadStreet into the premier insurance brokerage company in North America by capitalizing on sectoral tailwinds and accelerating both organic and inorganic growth efforts.' Ardea Partners served as lead financial advisor to Ontario Teachers' and BroadStreet, and RBC Capital Markets and BMO Capital Markets served as co-advisors. Latham & Watkins LLP and Torys LLP served as legal counsel to Ontario Teachers' and BroadStreet. Kirkland & Ellis LLP served as legal counsel to Ethos Capital. Debevoise & Plimpton LLP served as legal counsel to BCI. Cravath, Swaine & Moore LLP served as legal counsel to White Mountains. About BroadStreet Partners BroadStreet Partners is an insurance brokerage company headquartered in Columbus, Ohio. The Company invests in select, entrepreneurial, high-performing independent agencies looking for capital support and partnership. With 30 Core Agency Partners, BroadStreet provides ownership opportunities for more than 800 agency professionals across the U.S. and Canada. The company is a top North American private brokerage firm according to Insurance Journal's 2024 Top Property/Casualty Agencies. About Ethos Capital Ethos Capital is a global investment firm that makes majority and minority control investments in middle-market companies, primarily across North America and Europe. The firm's 21 Executive Partners collaborate with its portfolio companies, providing them with a network of resources and expertise to strategically enhance operations and accelerate their growth. For more information, visit About Ontario Teachers' Ontario Teachers' Pension Plan Board (Ontario Teachers') is a global investor with net assets of $266.3 billion as of December 31, 2024. Ontario Teachers' is a fully funded defined benefit pension plan, and it invests in a broad array of asset classes to deliver retirement security for 343,000 working members and pensioners. For more information, visit and follow us on LinkedIn. About BCI British Columbia Investment Management Corporation (BCI) is amongst the largest institutional investors in Canada, with C$250.4 billion in gross assets under management as of March 31, 2024. Based in Victoria, British Columbia, with offices in Vancouver, New York, and London, U.K., BCI manages a portfolio of diversified public and private market investments on behalf of its British Columbia pension fund and institutional clients. BCI Private Equity actively manages a C$31 billion global portfolio of privately held companies and funds with the potential for long-term growth and value creation. Leveraging sector-focused teams in financial services, business services, consumer, healthcare, industrials, technology, media and telecommunications, BCI works with strategic private equity partners to source and manage direct and co-sponsor/co-investment opportunities. Learn more at About White Mountains White Mountains Insurance Group, Ltd. (NYSE: WTM) is a Bermuda-domiciled financial services holding company traded on the New York Stock Exchange and the Bermuda Stock Exchange under the symbols WTM and respectively. Additional financial information and other items of interest are available at the company's web site located at Ethos Capital Prosek Partners Bea Broderick BCI Olga Petrycki [email protected] Ontario Teachers' Dan Madge/James DeCosimo SOURCE: Ethos Capital Copyright Business Wire 2025. PUB: 04/10/2025 07:30 AM/DISC: 04/10/2025 07:31 AM

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store