Canadian commercial broker Navacord is acquiring Edmonton-based Benefits Consulting Inc.
This is the organization’s second benefits and retirement transaction in 2019, following the acquisition of Future Benefits Management Inc. in June.
“Navacord’s goal is to build one of the top benefits and retirement businesses in Canada,”said Marshall Sadd, executive vice-chairman at Navacord, in a press release. “The addition of BCI positions us well in achieving this goal, as well as offering our Western Canada clients expertise and service with local presence.”
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Darcy Smith, president of BCI, said joining Navacord creates a stronger future for the firm and its clients. “Their approach is very collaborative, and we knew we came across something unique with Navacord’s way of doing business — allowing pockets of expertise to remain intact while still providing full service to clients.”