mergers and acquisitions – Benefits Canada.com

Adamek Financial merging with Sterling Capital Brokers

lbailey — Tue, 31 Aug 2021 19:00:16 +0000

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, […]

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Great-West Lifeco subsidiary acquiring Prudential Financial’s retirement business for $4.45BN

lbailey — Thu, 22 Jul 2021 13:00:26 +0000

Empower Retirement, the U.S. subsidiary of Great-West Lifeco Inc., is purchasing Prudential Financial Inc.’s full-service retirement business for $4.45 billion in a bid to deepen its presence in the U.S. market. The deal made by the Winnipeg-based company includes about $2.6 billion of capital to support the business and will reinforce its position in the […]

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Aon, Willis Towers Watson merger receives European Commission’s conditional approval

bwolfe — Mon, 12 Jul 2021 19:00:00 +0000

Aon and Willis Towers Watson are confirming the European Commission’s conditional approval of the two companies’ proposed merger. “This is a major step that demonstrates continued progress toward obtaining regulatory clearances for the proposed combination,” said the companies, in a press release. “Both firms operate across broad, competitive areas of the economy and believe this approval affirms […]

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DOJ suing to block Aon’s US$30BN acquisition of Willis Towers Watson

mdunne — Thu, 17 Jun 2021 13:15:35 +0000

U.S. President Joe Biden’s administration is suing to block the merger of two of the world’s largest insurance brokers, asserting the deal could eliminate competition, raise prices and hamper innovation for American businesses, employers and unions that use the companies’ services. On Wednesday, the U.S. Department of Justice announced the antitrust suit filed in federal […]

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Aon selling U.S. retirement assets on road to Willis Towers Watson merger

bwolfe — Tue, 08 Jun 2021 13:00:33 +0000

Aon is selling its U.S. retirement business to Aquiline Capital Partners and its retiree health exchange business to Alight Solutions for a total of US$1.4 billion. The sales are intended to address questions raised by the U.S. Department of Justice ahead of the pending merger of Aon and Willis Towers Watson, according to a press […]

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Aon, Willis Towers Watson selling some assets to Gallagher on way to merger

lbailey — Thu, 13 May 2021 19:00:18 +0000

Aon and Willis Towers Watson have reached an agreement to sell Willis Re and a set of Willis Towers Watson’s corporate risk and broking, as well as health and benefits services, to Arthur J. Gallagher & Co. for $US3.57 billion. The agreement resolves questions raised by the European Commission and is intended to address certain […]

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People Corp. acquiring B.C.-based benefits provider

bwolfe — Tue, 27 Apr 2021 13:00:12 +0000

People Corp. is acquiring British Columbia-based Benefits by Design Inc. Benefits by Design is a benefits provider focused on the small-to-medium-sized segment of the Canadian market, specializing in designing, implementing and maintaining employee benefit solutions for their clients, according to a press release. In December, People Corp. was acquired by Goldman Sachs Group Inc.’s merchant […]

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Penad Pension acquiring pension, group benefits administration company

lbailey — Wed, 14 Apr 2021 13:00:43 +0000

Penad Pension Services Ltd. is acquiring Ontario-based SeclonLogic Inc., a defined benefit pension plan and group benefits administration software solutions company. “I am confident that this transaction will leverage the products and services of the combined firm to the benefit of our clients and partners,” said Matthew Price, president of the Penad Group of Companies, in […]

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Hub acquiring Calgary benefits provider

lbailey — Mon, 12 Apr 2021 19:00:37 +0000

Hub International Ltd. is acquiring Calgary-based Wessex Financial Inc. Wessex Financial is a family and business benefits provider that specializes in association benefit planning, individual member services, critical awareness and financial literacy programs. Read: Hub acquiring Edmonton benefits, retirement consultancy This is the latest of a string of Canadian benefits providers and consulting firms that Hub International […]

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Coronavirus to reshape mid-market private equity dynamics in year ahead

mschmit — Thu, 31 Dec 2020 07:21:03 +0000

The year 2020 tested the mettle of entrepreneurs and small business owners like none other in recent history. And private equity firms operating in the small- and medium-sized business space were called upon like never before to help manage through the pandemic. For many business owners, 2020 has been about survival and making it through […]

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