ANCASTER, ON – December 8, 2025 SIB Corp. is pleased to announce the acquisition of Coreservice Insurance Brokers Inc. (“Coreservice”). This acquisition further expands SIB’s presence in the Greater Toronto Area and enhances its ability to serve a growing and diverse client base across both personal and commercial lines.
Based in North York, ON, Coreservice is a full-service brokerage that has built a reputation for dependable service, deep client relationships, and a commitment to responsive insurance solutions. Kevin Choi and Halim Lee have grown the brokerage into a trusted advisor for clients seeking a personalized service experience and will remain in leadership roles throughout a gradual transition period.
“We are excited to be joining SIB and entering this next chapter for Coreservice,” said Kevin Choi, President of Coreservice. “Our priority has always been to support our clients with honest advice, timely service, and insurance solutions that fit their needs. Partnering with SIB allows us to continue on our growth trajectory while maintaining the client-first values that built our business.”
“We are thrilled to welcome Kevin, Halim, and the entire Coreservice team to SIB,” said Ted Puccini, President & CEO of SIB. “Coreservice brings a strong culture and a loyal client base that aligns perfectly with SIB’s values. This acquisition expands our presence in Ontario and reinforces our commitment to delivering local, relationship-driven service supported by the strength of our national platform. It also comes at an exciting time for our organization as 2 additional transactions are expected to close at the end of the year, providing strong momentum as we head into 2026”.
About SIB
SIB is a best-in-class insurance brokerage and with this acquisition, SIB now operates out of over 150 offices across Canada. With $1.2 billion to $1.5 billion in GWP, SIB’s continued growth and expansion has allowed the company to provide the communities and businesses it serves with expertise in personal, commercial, and benefits insurance solutions.
This acquisition represents another meaningful step in SIB’s strategic growth, as SIB continues to partner with entrepreneurial brokerages that share its values and approach to providing market leading client service. Bringing Coreservice into the SIB family expands its footprint in the Greater Toronto Area and reinforces the commitment to delivering exceptional, community-focused insurance solutions to clients across Ontario and the rest of the country.
SIB has completed 4 acquisitions and launched 1 joint venture office in 2025, and SIB is actively seeking additional acquisition, partnership and affiliate brokerage opportunities in Canada.
For more information on SIB’s partnership and investment approach, please visit www.stoneridgeinsurance.ca/partnerplatform or call Mitch Grossman at (416) 816-8515.
About CIVC Partners, LP
CIVC Partners is a Chicago-based private equity firm investing in high growth middle market companies in business services sectors. Since 1989, the team has invested just under $2.9 billion in 88 platform companies and currently invests from CIVC Partners Fund VII. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.