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Keyword: mergers and acquisitions

19 results found

Ontario-based StoneRidge Insurance Brokers Corp. is acquiring employee benefits consultancy MultiCare Group. The acquisition will allow StoneRidge to provide a full range of insurance, risk advisory and benefits services to employer clients, according to a press release. Adam Lewis, president of MultiCare, will join StoneRidge and Scott Studley has been appointed executive vice-president of the company’s […]

  • By: Staff
  • September 21, 2022 September 21, 2022
  • 15:00
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Insurance broker Lussier Inc. is acquiring human resources consultancy Matière Grise. The acquisition will allow the Quebec-based broker to expand its employee benefits consulting services, including compensation, occupational health and safety, safety groups, group insurance and pension plans, according to a press release. Read: Telus completes acquisition of LifeWorks “Through its recognized expertise and its […]

  • By: Staff
  • September 19, 2022 September 19, 2022
  • 15:00

Sun Life Financial Inc. is selling its U.K. pension and annuities business. The company has entered an agreement to sell SLF of Canada U.K. Ltd. to U.K.-based long-term savings and retirement business Phoenix Group Holdings for a closing price of $385 million. Sun Life will retain its economic interest in Sun Life U.K.’s payout annuities […]

  • By: Staff
  • August 5, 2022 August 5, 2022
  • 09:00

The appointment of the TTC pension plan’s first director of investment risk and analytics was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. TTC pension plan appointing Danny Ip director of investment risk and analytics 2. More than 6.6M Canadians participating in employer-sponsored pension plans: […]

  • By: Staff
  • July 22, 2022 July 21, 2022
  • 09:00
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Hub International Canada West is entering a strategic agreement with National Bank Insurance Firm Inc. to acquire all of NBIF’s group insurance activities based in Edmonton. ​“We are excited the group insurance services team of NBIF has joined us and will help strengthen our employee benefits solutions for [plan sponsor] clients in Western Canada,” said […]

  • By: Staff
  • July 18, 2022 July 15, 2022
  • 09:00
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Telus Corp. is acquiring LifeWorks Inc. for a total transaction value of $2.9 billion. The agreement will see Telus purchase the digital health and wellness provider for the total consideration of about $2.3 billion in cash and the assumption of about $600 million in LifeWorks’ debt, said Doug French, Telus’ chief finance officer and executive […]

  • By: Staff
  • June 16, 2022 June 16, 2022
  • 10:00

Peterborough, Ont.’s Peak Benefit Solutions Inc. and companion company Park Place Financial Ltd. are expanding operations in southern Ontario. The companies merged with employee benefits provider Howell Financial Corp., based in Belleville, Ont., and they’ve acquired Kingston, Ont.-based benefits provider Manley Financial Group. The expansion follows the 2018 merger of Peak Benefit Solutions and Park […]

  • By: Staff
  • June 13, 2022 June 10, 2022
  • 09:00
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Arthur J. Gallagher & Co. is acquiring Montreal-based compensation consultancy PCI-Perrault Consulting Inc. PCI advises organizations in the design and integration of their compensation and business strategies. According to a press release, the company will continue to operate from its current location under the direction of Melanie Jeannotte, chief executive officer of Gallagher’s benefits and human resources consulting division […]

  • By: Staff
  • March 28, 2022 March 25, 2022
  • 09:00

Toronto’s Sterling Capital Brokers Ltd. is acquiring Vancouver’s Barclay Insurance Services Inc. Founded in 1990 by Eric Barclay, Barclay Insurance Services focuses on small- to medium-size businesses, developing cost-effective strategies to support plan sponsors in the employee benefits, group retirement and individual insurance space in British Columbia. “We are excited and proud to be the newest addition to the […]

  • By: Staff
  • January 28, 2022 January 28, 2022
  • 15:00

Victoria, B.C.-based Adamek Financial, a boutique benefits consulting firm, is merging with Sterling Capital Brokers Ltd. Founded in 2014, Sterling Capital is an independent benefits consulting firm based in Toronto and specializing in servicing small- to medium-sized employers. Adamek Financial’s team has a combined 92 years of consulting experience that includes benefits plan reviews, plan management, […]

  • By: Staff
  • August 31, 2021 August 30, 2021
  • 15:00