M&A Deal Summary

iA Financial Acquires T.E. Financial Consultants

On January 1, 2013, iA Financial acquired financial services company T.E. Financial Consultants

Acquisition Highlights
  • This is iA Financial’s 1st transaction in the Financial Services sector.
  • This is iA Financial’s 1st transaction in Canada.
  • This is iA Financial’s 1st transaction in Ontario.

M&A Deal Summary
Date 2013-01-01
Target T.E. Financial Consultants
Sector Financial Services
Buyer(s) iA Financial
Deal Type Add-on Acquisition

Target

T.E. Financial Consultants

Toronto, Ontario, Canada
T.E. Wealth is a provider of total wealth management services including financial and retirement planning, estate planning, tax planning and preparation, and investment management services.

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Buyer(S) 1

Buyer

iA Financial

Quebec City, Quebec, Canada
Category Company
Founded 1892
Sector Insurance
Employees7,000
Revenue 5.3B CAD (2023)
DESCRIPTION

iA Financial a life and health insurance company, operates in the insurance and financial services sectors. iA Financial was incorporated in 1892 and is based in Quebec, Canada.

DEAL STATS #
Overall 2 of 5
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (Ontario) 1 of 1
Country (Canada) 1 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-20 American-Amicable Holdings

Wilmington, Texas, United States

American-Amicable and its affiliated companies market life insurance products, including final expense, single premium whole life, universal life, modified whole life, and term coverage, through a nationwide network of independent sales agents. The companies’ insurance products are designed to fit the particular needs of their individual customers. Thoma Bravo worked with the management company to increase the size and efficiency of the business over a ten-year period before a very successful sale to an affiliate of Industrial Alliance Insurance and Financial Services Inc. (Toronto: IAG), the fourth largest Canadian life insurer.

Buy $143M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 Groupe PPP ltée

Quebec City, Quebec, Canada

Groupe PPP ltée is a provider of after sale marketing products, such as replacement insurance, creditor insurance, technological solutions and other warranty and insurance products.

Buy -
Mergr

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