Navacord Corp. is further expanding its group benefits business by acquiring Penmore Benefits Inc. A division of The Penmore Group, Concord, Ont.-based Penmore Benefits Inc., provides comprehensive benefits and retirement programs, including international benefits, for small- to medium-sized businesses across both private and public sectors. The company will continue to operate independently and maintain its commitment […]
The Caisse de dépôt et placement du Québec is investing in its first transportation project with the purchase of a 67-kilometre highway in India. The asset will be the Caisse’s first acquisition through its new investment trust dedicated to road infrastructure in India, noted a press release. Project operations started in December 2011, with an […]
The Canada Life Assurance Co. is absorbing the Toronto-Dominion Bank’s TD Future Builders retirement savings plan program members as of March 19. “We believe Canada Life will deliver a strong group retirement and savings experience that supports the needs of TD Future Builder business customers and their employees, while allowing [Toronto-Dominion Asset Management Inc.] to focus […]
Goldman Sachs Group Inc.’s merchant banking division is acquiring Manitoba-headquartered People Corporation Inc., for an estimated total equity value of $1.13 billion. “This transaction delivers tremendous value for our shareholders while creating the conditions that will enable our team to write People Corporation’s next chapter,” said Laurie Goldberg, executive chairman and chief executive officer of […]
The Green Shield Benefits Association, part of the Green Shield Canada group of companies, is acquiring Benecaid Health Benefit Solutions Inc. The company’s current leadership team will continue to operate the business under the Benecaid brand, according to a press release. “Benecaid’s track record of service excellence, growth and innovation, including its Honeybee digital platform, […]
Arthur J. Gallagher & Co. is acquiring integrated talent management firm Optimum Talent Inc. With this acquisition, the Quebec-based company will gain access to Gallagher’s resources, enabling it to further enhance its plan sponsor offerings, noted a press release. As well, the merger will allow Gallagher to expand its reach in the benefits and human resources consulting […]
Hub International Ltd. is acquiring Clearpoint Benefits Solutions, which includes Clearpoint Advisory Group Inc., Clearpoint Retirement Solutions Inc. and Canwest Group Benefits Inc. Clearpoint, which is located in Edmonton, with additional locations in Grande Prairie, Alta. and Fairview, Alta., is a benefits and retirement consulting firm. Read: Hub International acquires assets of Toronto-based benefits firm “Clearpoint is […]
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 […]
Navacord Corp. is acquiring Cooke Capital, a group benefits plan provider based in Prince Edward Island, effective Aug. 13, 2020. The partnership aims to combine the two companies’ insurance and benefits lines of business, supporting Navacord’s business strategy to provide more robust product offerings as it expands its benefits practice. Read: Navacord acquiring Ontario-based benefits […]
Guardian Capital Group Ltd. is acquiring a 70 per cent interest in U.S.-based investment management firm Agincourt Capital Management. The acquisition, which is expected to add almost US$7 billion to Guardian’s assets under management, aims to further diversify the firm’s assets under management by geography and investment solutions. “We’re very pleased to partner with the […]