People - M&A Summary, Ownership, and Business Overview

Business ServicesCompany

People M&A Summary

People has acquired 11 companies of its own, including 6 in the last 5 years.

People’s largest acquisition to date was in 2020, when it acquired Alliance Pour La Santé Etudiante Au Quebec for $56M. People has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include business services (73%) and insurance (19%).

People Ownership

Who owns People?

People is owned by Goldman Sachs Merchant Banking. It was acquired on December 14, 2020.

Is People PE-backed?

Yes. People is owned by private equity investor Goldman Sachs Merchant Banking.

People Business Overview

Where is People headquartered?

People is headquartered in Winnipeg, Manitoba.

What is People’s revenue?

People disclosed revenue of 211M CAD for 2020 and 162M CAD for 2019.

How many employees does People have?

People has 925 employees.

What sector is People in?

People is a business services company.

When was People founded?

People was founded in 2006.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity11
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Advisors 1

People

People Corp.

1403 Kenaston Boulevard,
Winnipeg, Manitoba R3P 2T5
Canada,
(204) 940-3900
www.peoplecorporation.com

People is a provider of group benefits, group retirement and human resources consulting products and services to companies across Canada. The company is bringing together leading consultants in the industry, offering innovative and customized solutions to thousands of clients across a broad range of industries. It delivers employee benefits consulting, third party benefits administration, pension consulting, human resources consulting and executive search and staff recruitment services through 35 offices and satellite offices in nine provinces across Canada, each of which is led by a team of experts familiar with the local market, and supported by the resources of a public company with a national footprint. People was founded in 2006 and is based in Winnipeg, Manitoba.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 10 1 - - - - 11
vol $94M $94M
Sell (0.0/yr) # - - - - - - 0
  11
+110024681012-4-2140

Most Recent M&A

Company Date Value Type
Burton Financial Services Ltd. 2021-06-21 - Add-on Acquisition
Surrey, British Columbia · www.burtonfinancial.ca
Alliance Pour La Santé Etudiante Au Quebec, Inc. 2020-11-30 56M USD Add-on Acquisition
Montreal, Quebec · www.aseq.com
ENCOMPASS Benefits & HR Solutions, Inc. 2020-11-30 - Add-on Acquisition
Kelowna, British Columbia · www.encompassbenefits.com
Watermark Benefit Consulting, Inc. 2020-11-30 - Add-on Acquisition
Calgary, Alberta · www.watermarkbenefits.com
Integrated Benefit Consultants Ltd. 2020-02-25 - Add-on Acquisition
Rolling Hills Estates, California · www.ibenefitconsult.com
Robin Veilleux Assurances Et Rentes Collectives, Inc. 2020-02-03 - Add-on Acquisition
Laurier, Quebec · www.robinveilleux.com
Lane Quinn Benefit Consultants Ltd. 2018-05-23 - Add-on Acquisition
Calgary, Alberta · www.lanequinn.com
Assurances Dalbec Ltée 2017-11-01 12M CAD Add-on Acquisition
Montreal, Quebec · www.assurancesdalbec.ca
Sirius Benefit Plans, Inc. 2017-04-12 15M USD Add-on Acquisition
Winnipeg, Manitoba · www.siriusbenefits.ca
Hamilton + Partners, Inc. 2013-07-10 11M CAD Add-on Acquisition
Calgary, Alberta · www.hamiltonandpartners.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 8 (73%) 94M (100%) - -
Insurance 2 (18%) - - -
Financial Services 1 (9%) - - -
Total 11 $94M - -

By Geo

State/Country Buy Value Sell Value
Canada 10 94M - -
  Quebec 3 69M - -
  Alberta 3 11M - -
  British Columbia 2 - - -
  Ontario 1 - - -
  Manitoba 1 15M - -
United States 1 - - -
  California 1 - - -
Domestic 10 (91%) 94M (100%) - -
Cross-border 1 (9%) - - -
Total 11 $94M - -

Top M&A Advisors

Financial Deals
Broadstone Partners
1

Deal Values

buy # Total
< $100M 4 $94M
TOTAL $94M
Largest Alliance Pour La Santé Etudiante Au Quebec, Inc.
$56M (2020-11-30)

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