Merging of firms – AGA Profit Options and WBL Advantages+Actuarial are pondering large!

QUEBEC CITY, Sept. 9, 2021 /CNW Telbec/ – Wagner Bujold Leduc Advantages+Actuarial (WBL), a Quebec Metropolis firm specializing in group insurance coverage and actuarial providers, and AGA Profit Options, the Quebec chief within the improvement and administration of custom-made group insurance policy, are becoming a member of forces. The brand new group can be capitalizing on WBL’s in-depth brokerage and evaluation expertise mixed with AGA’s unique and modern services to develop new markets throughout Canada.

AGA Benefit Solutions Logo (CNW Group/Novacap Management Inc.)

AGA Profit Options Brand (CNW Group/Novacap Administration Inc.)

The 2 firms share a transparent imaginative and prescient, sturdy values and an impressive enterprise sense. WBL’s shareholders will stay shareholders and proceed to train their management within the administration of AGA, from the Quebec Metropolis workplace.

As of immediately, WBL shoppers will be capable to profit from AGA+PLUS, a service distinctive to AGA that gives simplified plan administration, unparalleled flexibility, higher management over drug prices and substantial economies of scale.

“The addition of WBL to our workforce places us in a superb place in our endeavour to discover new markets to develop into—a really clear purpose that we share with our enterprise accomplice Novacap. Providing our unique services to a larger variety of shoppers whereas leveraging WBL’s power in its personal market helps additional our mission, which is to make group insurance coverage and retirement plans extra accessible and simpler to handle,” stated Martin Papillon, President and CEO of AGA Profit Options.

“Because of this merger, WBL will be capable to develop its service providing to shoppers along with having access to new markets. Our complete workforce will work along with our new AGA colleagues to develop the corporate and distinguish it in our present markets and effectively past,” stated Alain Rivard, accomplice and CEO of WBL.

“At Novacap, we’re enthusiastic about firms which can be guided by a robust imaginative and prescient and stable values, which is why we’re delighted to see these two firms coming collectively immediately,” stated Marcel Larochelle, Managing Accomplice at Novacap. “The mixture of AGA and WBL will make them even stronger and cement their standing as a key group-insurance supplier on the nationwide stage. We look ahead to supporting them all through this course of, leveraging our help and experience to assist them obtain their targets.”

The merger brings the variety of AGA Profit Options workers to 130 and the variety of current shoppers to greater than 1,600, reflecting AGA’s main place in group insurance coverage in Quebec.

About AGA Profit Options
With places of work in Montreal and Quebec Metropolis, AGA Profit Options is the Quebec chief within the improvement and administration of custom-made group insurance policy, and likewise focuses on group retirement plans. For greater than 40 years, because of modern instruments and unmatched customer support, AGA Profit Options has been supporting greater than 65,000 members with the administration and adjudication of their medical, dental and different claims.
To search out out extra, go to aga.ca/en/.

About WBL Advantages+Actuarial
Excess of a dealer, Wagner Bujold Leduc Advantages+Actuarial strives to change into a accomplice within the human and monetary progress of its shoppers. For over 30 years, the corporate has supplied its shoppers with a workforce of group insurance coverage brokers and seasoned actuaries to barter plans with insurers that meet their precise wants. These years of expertise have impressed the group to go from a brokerage imaginative and prescient to an actuarial imaginative and prescient premised on in-depth evaluation and providers that exceed expectations. To search out out extra, go to https://assurancescollectives.com/en/.

About Novacap

Based in 1981, Novacap is a number one Canadian personal fairness agency with greater than C$8B of AUM that has invested in additional than 100 platform firms and accomplished greater than 150 add-on acquisitions. Making use of its sector-focused method since 2007 in TMT, Industries and now Monetary Companies, Novacap’s deep area experience can speed up firm progress and create long-term worth. With skilled, devoted funding and operations groups in addition to substantial funding, Novacap has the assets and information to construct world-class companies. Novacap has places of work in Brossard, Québec and Toronto, Ontario. For extra data, please go to www.novacap.ca.

WBL Benefits+Actuarial Logo (CNW Group/Novacap Management Inc.)

WBL Advantages+Actuarial Brand (CNW Group/Novacap Administration Inc.)

SOURCE Novacap Administration Inc.

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