M&A Deal Summary

People Acquires Assurances Dalbec Ltée

On November 1, 2017, People acquired business services company Assurances Dalbec Ltée for 16M CAD

Acquisition Highlights
  • This is People’s 4th transaction in the Business Services sector.
  • This is People’s 3rd largest (disclosed) transaction.
  • This is People’s 4th transaction in Canada.
  • This is People’s 1st transaction in Quebec.

M&A Deal Summary
Date 2017-11-01
Target Assurances Dalbec Ltée
Sector Business Services
Buyer(s) People
Deal Type Add-on Acquisition
Deal Value 16M CAD

Target

Assurances Dalbec Ltée

Montreal, Quebec, Canada
Dalbec provides consulting, third party administration and third party payor services related to the employee group benefits plans of hundreds of Quebec-based small and medium-sized businesses, as well as union groups. Dalbec services its client base both directly and through relationships with third party brokers.

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Buyer(S) 1

Buyer

People

Winnipeg, Manitoba, Canada
Category Company
Founded 2006
Sector Business Services
Employees925
Revenue 211M CAD (2020)
DESCRIPTION

People Corp. 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 Corp. was founded in 2006 and is based in Winnipeg, Canada.

DEAL STATS #
Overall 4 of 11
Sector (Business Services) 4 of 8
Type (Add-on Acquisition) 4 of 11
State (Quebec) 1 of 3
Country (Canada) 4 of 10
Year (2017) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-12 Sirius Benefit Plans

Winnipeg, Manitoba, Canada

Sirius Benefit Plans, Inc. is a Third Party Administrator (TPA) and Third Party Payor (TPP) for employee benefit plans of small and medium-sized companies. Sirius Benefit Plans, Inc. was established in 1996 and is based in Winnipeg, Manitoba.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-23 Lane Quinn Benefit Consultants

Calgary, Alberta, Canada

Lane Quinn Benefit Consultants Ltd. is a domestic and international employee benefit programs. Lane Quinn Benefit Consultants is based in Calgary, Alberta.

Buy -
Mergr

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Company

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