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 […]
Hub International Ltd. has acquired yet another benefits brokerage: Quebec-based Les Avantages Sociaux Delta Inc. Based in the Montreal area, Delta provides support and actuarial services for group insurance and retirement plans, as well as human resources and disability management. With the acquisition, Delta will join Hub’s Quebec business. Delta’s founder and chairman, Roger d’Eschambault, […]
Conduent Inc. is selling its consulting business formerly known as Buck Consultants. This week, the company announced a deal with a private equity investment firm, H.I.G. Capital, to sell its Canada- and Britain-based human resources consulting and outsourcing businesses. The deal also includes Conduent’s U.S.-based human resources consulting and actuarial business. The business, formerly known […]
France-based insurance company April has acquired Benecaid Health Benefits Solutions Inc. The acquisition will allow the Lyon, France-based company to expand and diversify the Canadian side of its business beyond property and casualty insurance, according to a press release. April has been active in the Canadian property and casualty insurance market for more than 10 years, […]
A subsidiary of Great-West Lifeco Inc. has acquired a holding in an Irish company specializing in employee benefits consulting and private wealth management. On Friday, Great-West Lifeco announced the deal involving its subsidiary, Irish Life Group Ltd., and Invesco Ltd. (Ireland). With more than 125 employees, Invesco manages the pension plans of more than 275 […]
Hub International Ltd. has acquired Vancouver-based employee benefits and pension consulting firm ES3 Insurance Services Ltd. The company operates as ES3 Advisory and was founded by president Darrell Ert in 1999. “ES3 is perfectly set up for the next chapter with a partner that shares our values and has the scale to make a real […]
Hub International Ltd. has acquired Windsor, Ont.-based retirement and benefits firm the Benefits Company Inc. The deal follows a recent string of acquisitions by Hub International over the past few months, including Burnaby, B.C.-based Pointbreak Consulting Group Ltd.; Kitchener, Ont.-based GMS Insurance Inc.; and Dallas, Texas-based IPS Advisors LLP. “By joining Hub, brokerages have the opportunity to expand as […]