M&A Deal Summary

People Acquires Sirius Benefit Plans

On April 12, 2017, People acquired business services company Sirius Benefit Plans for 15M USD

Acquisition Highlights
  • This is People’s 3rd transaction in the Business Services sector.
  • This is People’s 2nd largest (disclosed) transaction.
  • This is People’s 3rd transaction in Canada.
  • This is People’s 1st transaction in Manitoba.

M&A Deal Summary
Date 2017-04-12
Target Sirius Benefit Plans
Sector Business Services
Buyer(s) People
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

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.

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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 3 of 11
Sector (Business Services) 3 of 8
Type (Add-on Acquisition) 3 of 11
State (Manitoba) 1 of 1
Country (Canada) 3 of 10
Year (2017) 1 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-10 Hamilton + Partners

Calgary, Alberta, Canada

Hamilton + Partners, Inc. is a provider of medical access insurance consulting solutions. Hamilton + Partners' group benefits and disability insurance consulting business consists of three operating companies, Employee Benefits Inc., Disability Concepts Inc. and 6814409 Canada Incorporated.

Buy CA$14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 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.

Buy CA$16M
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