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 […]
Toronto-based digital well-being solutions provider Sprout is acquiring Calgary-based predictive health-data analytics company Vivametrica Ltd. Vivametrica analyzes, measures and predicts health risks, potential outcomes and longevity with data from wearable technology and other personal sensors. Sprout previously partnered with Vivametrica on its health risk assessment solution. Read: Taking big data to next level key to […]
Consulting firm BenefitsConnect Inc. is purchasing Kingston, Ont.-based Strategic Benefits & Insurance Services Ltd. Through the acquisition, BenefitsConnect is seeking to enhance its service offerings to Kingston and the surrounding area. Read: Gallagher expands presence in Atlantic Canada with SBW Employee Benefits acquisition In a press release, Paul Crossdale, president of BenefitsConnect, praised the Strategic Benefits’ […]
Navacord Corp. is acquiring Ontario-based firms Selectpath Benefits and Financial Inc. and ProBenefits Consulting Inc., more than doubling its benefits revenue. With a strong presence in Ontario’s southwest, Selectpath specializes in benefits and pension solutions for the hospital and health-care sectors, as well as a wide range of industries including transportation, automotive dealerships, technology and […]
Hub International Ltd. is acquiring Usefulideas, an employee benefits and group retirement consultancy based in Toronto. Joanne Rose, the organization’s principal and senior benefits consultant, will join Hub Ontario, reporting into Matt Lievers, its president of employee benefits. “Usefulideas will be a great addition to our growing employee benefits and retirement team in Canada,” said Gregory […]
Morneau Shepell Ltd. is selling its benefits consulting business to Hub International Ltd. The benefits component of Morneau Shepell’s consulting business, which represents about three per cent of its revenue, sold for $70 million. “We are very focused on our growth strategy, which includes being clear market leaders in the businesses in which we operate, […]
Franklin Resources Inc., operating as Franklin Templeton, is acquiring investment management company Legg Mason Inc. The all-cash deal priced Legg Mason’s common shares at US$50. As part of the transaction, Franklin Templeton will assume the manager’s outstanding debt of about US$2 billion. Legg Mason and its multiple affiliates collectively manage about $806 billion, including Brandywine Global, Clarion Partners, […]