The Great West Life Assurance Co. has completed its acquisition of Canadian managing general agency Financial Horizons Inc. Initially established as a financial planning firm in 1990, Financial Horizons now provides life, health, employee benefits, pension, investments, structured settlements and risk management products and services to financial advisors. It serves customers across Canada through a network of 6,600 […]
Caisse de dépôt et placement du Québec is helping Cogeco Communications Inc. acquire a network of cable systems in the United States with an equity investment of US$315 million. In return, the institutional investor will gain a 21 per cent interest in the Canadian communications company’s subsidiary, Atlantic Broadband, which is the ninth-largest cable operator […]
Shareholders have approved the proposed merger between Standard Life and Aberdeen Asset Management Inc. At Standard Life’s general meeting on Monday, 98.6 per cent of shareholders voted in favour of the all-share merger announced in March 2017. The merged investment firm, which will rebrand as Standard Life Aberdeen, will have its headquarters in Scotland. “Our […]
Caisse de dépôt et placement du Québec is one of three equity investors funding Quebec-based IPL Inc.’s acquisition of California-based Macro Plastics Inc. for US$150 million. IPL manufactures injection-molded plastic products for the food and industrial sectors while Macro Plastics manufactures rigid plastic bulk packaging to the agricultural and automotive sectors in North America. It […]
People Corp. has acquired Sirius Benefit Plans Inc. for $15 million. Winnipeg-based Sirius Benefits administers the employee benefit programs for several thousand small- and medium-sized companies across Canada and has relationships with more than 250 third-party brokers. Read: People Corporation makes acquisition “The opportunity to add a ‘home-grown’ Winnipeg-based firm to the People Corporation family, […]
Caisse de dépôt et placement du Québec is investing for the third time in Fix Auto World as it expands by acquiring several competitors. The automotive repair company has agreed to buy 11 glass and automotive aftermarket companies from Skidmore Group, a diversified holding company that invests in retail, distribution and service businesses. The companies […]
The private equity arm of the Ontario Municipal Employees Retirement System has agreed to acquire a technology company that operates intelligent commerce networks from ABRY Partners. Based in Winston-Salem, N.C., Inmar Inc. provides offline and online exchanges for retailers, manufacturers, shoppers and health-care institutions. Read: OMERS invests in legal process outsourcing firm Inmar attracted the […]
Private equity firm TA Associates has agreed to acquire Frank Russell Company’s asset management business, Russell Investments, from London Stock Exchange Group (LSEG) for US$1.15 billion.
BMO has completed the previously announced sale of its Milwaukee-based U.S. retirement services business to OneAmerica.
Aegon, through an affiliate of its Transamerica unit, has reached an agreement to acquire Mercer's American DC administration book of business for an undisclosed amount.