Navacord Corp. is expanding its group benefits business by acquiring British Columbia-based independent benefits brokerage Dehoney Financial Group.

Dehoney, which has been in business for 40 years, provides benefits and retirement consulting, administration and life insurance products for executives and employees, working with a mix of public and privately owned Canadian companies.

Read: Navacord acquiring Ontario-based benefits firms

The acquisition will expand Navacord’s benefits business coast to coast in Canada.

“Dehoney Financial Group is a well-known, respected consulting firm on the West Coast and beyond, with a team that collectively brings over 150 years of experience in benefit and retirement consulting,” says Shawn DeSantis, Navacord’s president and chief executive officer, in a press release. “We are pleased to welcome DFG and look forward to working together as we continue our focus on this priority growth area.”

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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