M&A Deal Summary

TA Associates Acquires AGA Benefit Solutions

On March 5, 2024, private equity firm TA Associates acquired insurance company AGA Benefit Solutions from Novacap

Acquisition Highlights
  • This is TA Associates’ 11th transaction in the Insurance sector.
  • This is TA Associates’ 9th transaction in Canada.
  • This is TA Associates’ 4th transaction in Quebec.

M&A Deal Summary
Date 2024-03-05
Target AGA Benefit Solutions
Sector Insurance
Buyer(s) TA Associates
Sellers(s) Novacap
Deal Type Secondary Buyout

Target

AGA Benefit Solutions

Westmount , Quebec, Canada
AGA Benefit Solutions develops and administer tailor-made group insurance plans. AGA Benefit Solutions was founded in 1978 and is based in Westmount, Quebec.

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Buyer(S) 1

Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 360 of 364
Sector (Insurance) 11 of 11
Type (Secondary Buyout) 66 of 69
State (Quebec) 4 of 4
Country (Canada) 9 of 9
Year (2024) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-19 Agilio Software

Sheffield, United Kingdom

Agilio Software is a provider of saas based compliance and hr services into the dental market via its two main product lines, icomply and total hr. These are essential clinical services for dental practices to ensure regulatory and cqc compliance, free up practice managers time and drive operational excellence, in a market underpinned by complex and changing clinical regulation. Agilio Software is based in Sheffield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-13 PowerGEM

Clifton Park, New York, United States

PowerGEM is a provider of simulation modeling software and technical services for the electric power industry. The company's power systems transmission reliability & market simulation software products serve over two hundred North American power systems stakeholders. Its software is utilized by grid operators, including many U.S. ISOs and electric utilities, generation/transmission developers & engineering firms to assess electric transmission grid reliability, as well as the technical & economic impacts of transmission congestion in competitive U.S. electricity markets. PowerGEM was formed in 2000 and is based in Clifton Park, New York.

Buy -

Seller(S) 1

SELLER

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 8.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.

DEAL STATS #
Overall 27 of 30
Sector (Insurance) 2 of 2
Type (Secondary Buyout) 11 of 12
State (Quebec) 12 of 14
Country (Canada) 17 of 19
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 Alliance Labeling

Oakville, Ontario, Canada

Alliance Labeling is a provider of packaging and warehousing solution service, with specialized engineering and manufacturing capabilities. Alliance Labeling was founded in 1996 and is based in Oakville, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-07 INdigital

Fort Wayne, Indiana, United States

INdigital provides Next Generation 9-1-1 services. Since inception INdigital has invested in and built superior 9-1-1 networks and solutions including NG9-1-1, Text for 9-1-1, and the MEVO service continuity platform. INdigital was founded in 1995 and is based in Fort Wayne, Indiana.

Buy -
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