M&A Deal Summary

TELUS Acquires LifeWorks

On June 16, 2022, TELUS acquired consumer services company LifeWorks for 2.9B CAD

Acquisition Highlights
  • This is TELUS’s 1st transaction in the Consumer Services sector.
  • This is TELUS’s 2nd largest (disclosed) transaction.
  • This is TELUS’s 17th transaction in Canada.
  • This is TELUS’s 9th transaction in Ontario.

M&A Deal Summary
Date 2022-06-16
Target LifeWorks
Sector Consumer Services
Buyer(s) TELUS
Deal Type Add-on Acquisition
Deal Value 2.9B CAD
Advisor(s) BMO Capital Markets
Goldman Sachs (Financial)
Osler (Legal)

Target

LifeWorks

Toronto, Ontario, Canada
website
LifeWorks is a provider of digital and in-person solutions that support the total well-being of individuals. LifeWorks deliver a personalized continuum of care that helps clients improve the lives of their people and by doing so, improve their business. LifeWorks was founded in 1966 and is headquartered in Toronto, Ontario.

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Buyer(S) 1

Buyer

TELUS

Vancouver, British Columbia, Canada

website

Category Company
Founded 1993
Sector Communications
Employees78,100
Revenue 18.3B CAD (2022)
DESCRIPTION

Telus is a Canadian telecommunications company that provides a range of telecommunications products and services including internet access, voice, entertainment, healthcare, video, and satellite television. TELUS was founded in 1993 and is based in Vancouver, Canada.

DEAL STATS #
Overall 19 of 19
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 18 of 18
State (Ontario) 9 of 9
Country (Canada) 17 of 17
Year (2022) 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Blacksmith Applications

Lawrence, Massachusetts, United States

Blacksmith Applications is a provider of trade promotion and pricing management software solutions to consumer product companies in the retail, food service, and convenience store markets. Blacksmith Applications is based in Lawrence, Massachusetts.

Buy $275M
Mergr

Product

Company

Legal