M&A Deal Summary

People Acquires Burton Financial Services

On June 21, 2021, People acquired financial services company Burton Financial Services

Acquisition Highlights
  • This is People’s 1st transaction in the Financial Services sector.
  • This is People’s 10th transaction in Canada.
  • This is People’s 2nd transaction in British Columbia.

M&A Deal Summary
Date 2021-06-21
Target Burton Financial Services
Sector Financial Services
Buyer(s) People
Deal Type Add-on Acquisition

Target

Burton Financial Services

Surrey, British Columbia, Canada
Burton Financial Services specializes in providing group benefits, group retirement, and individual insurance consulting services for companies and individuals throughout the province of British Columbia. Burton Financial Services was founded in 2008 and is based in Surrey, British Columbia.

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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 11 of 11
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 11 of 11
State (British Columbia) 2 of 2
Country (Canada) 10 of 10
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Alliance Pour La Santé Etudiante Au Quebec

Montreal, Quebec, Canada

Alliance Pour La Santé Etudiante Au Quebec, Inc. is a benefits consulting and administration firm focused on post-secondary students. Alliance Pour La Santé Etudiante Au Quebec was founded in 1996 and is based in Montreal, Canada.

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