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 […]
Hub International Ltd. is acquiring Ontario-based Benefit Broker Services Inc. Benefit Broker Services, which is located in Wallaceburg, Ont., is a provider of services related to employee benefits and pension plans. The terms of the acquisition weren’t disclosed. Scott Ewing, the firm’s president, and Stacey Ewing, its co-founder and owner, will join Hub Ontario, reporting […]
SSQ Life Insurance Co. Inc. is partnering with Allianz Global Benefits to grow its group insurance business across Canada. “This type of collaboration is a first for SSQ Insurance,” said Geneviève Fortier, senior vice-president of distribution at SSQ Insurance, in a news release. “By adding the expertise and global reach of Allianz Global Benefits to our service […]
TD Bank Group is acquiring Greystone Capital Management Inc., the parent company of Greystone Managed Investments Inc., for $792 million. The agreement, which is subject to regulatory approval, comprises $730 million of enterprise value, about $105 million of seed capital and other net adjustments. Greystone Capital Management’s shareholders will receive 30 per cent of the net […]
Morneau Shepell Inc. is acquiring employee assistance program and wellness provider LifeWorks Corp. Ltd. for about $426 million. “This acquisition is aligned with Morneau Shepell’s global growth strategy as well as our focus on technology innovations to create added value for our clients and their employees,” said Stephen Liptrap, president and chief executive officer of Morneau Shepell, […]
Hub International Ltd. is acquiring two more Canadian companies as it rolls out its strategy for expanding its employee benefits and pension business in Canada. “We decided a few years ago that one of the key strategic initiatives for the entire company was to build a market-leading employee benefits and pension organization in Canada to complement […]
Cadillac Fairview Corp. Ltd. has upped its stake in Toronto’s Ritz-Carlton hotel to 100 per cent ownership of the property. One of the original developers of the Toronto property, which opened in 2011, Cadillac Fairview has purchased the interest of the Simcoe Wellington Hotel Limited Partnership in order to take full ownership. “As one of […]
Employee health services company HumanaCare has acquired Toronto-based virtual health platform TranQool. In addition to delivering health care virtually, the acquisition will allow HumanaCare to expand its existing employee assistance programs, medical second opinion, disability support, caregiving and health-care navigation and chronic disease management services, according to its president, Jamie Marcellus. Read: 2018 Group Benefits Providers […]
The Ontario Teachers’ Pension Plan is selling its majority stake in apparel company Helly Hansen to Canadian Tire Corp. Ltd. After six years of ownership of the Oslo-based designer and marketer of outdoor and work apparel, Ontario Teachers’ is selling its stake in the company that owns and operates Helly Hansen for $985 million. “Over […]
Toronto-based software company Symbility Solutions Inc. has sold its health division to Telus Health for approximately $16.5 million. “We are proud to announce the sale of the Symbility Health division to Telus Health, one of Canada’s leading health technology companies and most recognized brands,” said James Swayze, chief executive officer of Symbility Solutions, in a […]