Lussier Dale Parizeau to acquire Quebec-based benefits advisor

Quebec-based insurance broker Lussier Dale Parizeau Inc. is acquiring employee benefits advisor Trinome Conseils.

Following the acquisition, Lussier Dale Parizeau will have nearly 800 employees located in 28 branch offices and serving more than 155,000 employer clients. Trinome Conseils provides group insurance, pension, human resources and occupational health and safety services for employers.

Read: Hub International acquires two Canadian benefits firms

“This new acquisition confirms our resolve to innovate and protect the assets of thousands of individuals, businesses, groups and associations in Quebec by uniting two companies that share the same values of excellence, diligence, transparency and integrity,” said André Lussier, chairman of the board of directors, in a press release.

Trinome Conseils’ three partners — Pascal Beaulieu, René Roy and Isabelle Simoneau — noted that two priorities arise from the transaction. “First, to offer a wider range of diversified services to our clients by giving them access to Lussier Dale Parizeau’s global offering, and secondly, to strengthen our teams so as to continue to provide the quality that our clients expect from us in the future.”

Read: Morneau Shepell to acquire EAP, wellness provider LifeWorks

In other news, Arthur J. Gallagher and Co. is acquiring Ottawa-based employee benefits and retirement consulting firm Leystone Insurance and Financial Inc. 

Leystone principals David McCulloch and Darryl Phippen, along with their associates, will continue operations from Ottawa under the management of Leslie Lemenager, head of Arthur J. Gallagher and Co.’s international employee benefits consulting and brokerage practice.