Groupworks Financial has agreed to acquire Gallivan & Associates Student Networks for $6.1 million.

”We are acquiring a strong and well-known national practice, which expands our client base across the country, and demonstrates our continued commitment to partnering with premier benefit and pension advisory firms in Canada,” says Derrick March, CEO of Groupworks.

Gallivan, established in 1991, provides group benefits for post-secondary students at 27 universities, colleges and technical institutes representing over 160,000 students in Canada.

Groupworks is committed to maintaining and growing Gallivan under its current brand. Last year, Groupworks bought Buffett Taylor & Associates and The Investment Guild.

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