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M&A Deal Summary

TELUS Acquires LifeWorks

On June 16, 2022, TELUS acquired consumer services company LifeWorks for 2.9B CAD

Acquisition Highlights
  • This is TELUS’s 1st transaction in the Consumer Services sector.
  • This is TELUS’s 2nd largest (disclosed) transaction.
  • This is TELUS’s 18th transaction in Canada.
  • This is TELUS’s 10th transaction in Ontario.

M&A Deal Summary
Date 2022-06-16
Target LifeWorks
Sector Consumer Services
Buyer(s) TELUS
Deal Type Add-on Acquisition
Deal Value 2.9B CAD
Advisor(s) BMO Capital Markets
Goldman Sachs (Financial)
Osler (Legal)

Target

LifeWorks

Toronto, Ontario, Canada
LifeWorks is a provider of digital and in-person solutions that support the total well-being of individuals. LifeWorks deliver a personalized continuum of care that helps clients improve the lives of their people and by doing so, improve their business. LifeWorks was founded in 1966 and is headquartered in Toronto, Ontario.

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Buyer(S) 1

Buyer

TELUS

Vancouver, British Columbia, Canada
Category Company
Founded 1993
Sector Communications
Employees106,800
Revenue 20.1B CAD (2024)
DESCRIPTION

Telus is a Canadian telecommunications company that provides a range of telecommunications products and services, including internet access, voice, entertainment, healthcare, video, and satellite television. TELUS was founded in 1993 and is headquartered in Vancouver, Canada.

DEAL STATS #
Overall 20 of 21
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 19 of 20
State: Ontario M&A 10 of 10
Country: Canada M&A 18 of 19
Year: 2022 M&A 2 of 2
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-10 Fully Managed

Ottawa, Ontario, Canada

Fully Managed is an Information Technology support, management, consulting, cloud and voice services to businesses and non-profit organizations. Fully Managed was founded in 2002 and is based in Ottawa, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-27 Softrax

Canton, Massachusetts, United States

Softrax is a developer and provider of revenue management solutions for technology-based companies. Softrax is based in Canton, Massachusetts.

Sell -
Mergr

Solution for

Product

Company

Legal