M&A Deal Summary

Morneau Shepell Acquires Mercer - Health & Defined Benefit Pension Plan Administration Business

On May 6, 2019, Morneau Shepell acquired business services company Mercer - Health & Defined Benefit Pension Plan Administration Business from Mercer for 57M USD

Acquisition Highlights
  • This is Morneau Shepell’s 3rd transaction in the Business Services sector.
  • This is Morneau Shepell’s largest (disclosed) transaction.
  • This is Morneau Shepell’s 3rd transaction in the United States.
  • This is Morneau Shepell’s 1st transaction in New York.

M&A Deal Summary
Date 2019-05-06
Target Mercer - Health & Defined Benefit Pension Plan Administration Business
Sector Business Services
Buyer(s) Morneau Shepell
Sellers(s) Mercer
Deal Type Divestiture
Deal Value 57M USD

Target

Mercer - Health & Defined Benefit Pension Plan Administration Business

New York, New York, United States
Mercer LLC - Business includes stand-alone, large market, health, and defined benefit (DB) pension plan administration business. For employers, defined contribution retirement plans represent freedom from financial volatility, traditional pension risk, market volatility, and long-term financial uncertainty.

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Buyer(S) 1

Buyer

Morneau Shepell

Toronto, Ontario, Canada
Category Company
Sector Business Services
DESCRIPTION

Morneau Shepell Ltd. offers industry-leading benefits and pension consulting, outsourcing, as well as health and productivity solutions.

DEAL STATS #
Overall 5 of 5
Sector (Business Services) 3 of 3
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 LifeWorks

London, United Kingdom

LifeWorks Corporation Ltd. is an employee well-being business which combines employee assistance, wellness, recognition and incentive programs in the United States, Canada, Australia and the United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 Morneau Shepell - Benefits Consulting Practice

Toronto, Ontario, Canada

Morneau Shepell's Benefits Consulting Practice provides tailored benefits solutions to clients – mainly large organizations, as well as small to medium – including actuarial services, integrated data analytics across lines of benefit, organizational health consulting and financial analysis solutions.

Sell -

Seller(S) 1

SELLER

Mercer

New York, New York, United States
Category Company
Sector Staffing
DESCRIPTION

Mercer is engaged in talent, health, retirement, and investments. Mercer helps clients around the world advance the health, wealth, and performance of their most vital asset – their people. Mercer's more than 20,000 employees are based in 42 countries and the firm operates in over 130 countries

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 2 of 2
Type (Divestiture) 2 of 2
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-14 Summit Strategies Group

St. Louis, Missouri, United States

Summit Strategies Group is an investment consultants focused on consulting, defined contribution and outsourced CIO services. Summit Strategies Group was founded in 1995 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Leapgen

St. Louis Park, Minnesota, United States

Leapgen is a digital HR company shaping the NOW of Work. Highly respected as consultants and advisors to the enterprise and the industry, we help our customers make HR digital. Leapgen was formed in 2017 and is based in St. Louis Park, Minnesota.

Buy -
Mergr

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