AGA Benefit Solutions, a Montreal, Canada-based developer and administrator of customized group insurance and retirement plans, received a growth investment from TA Associates (TA).
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and development efforts.
Led by Martin Papillon, CEO, AGA Benefit Solutions specializes in the development and administration of customized group insurance plans and group retirement plans. Founded more than 45 years ago, it serves today more than 2,700 clients, supports over 200,000 members with the management and adjudication of their claims, and boasts over a $1 Billion in premiums and group retirement assets under management.
Novacap, a North American private equity firm which invested in the business in 2020 out of its inaugural financial services fund, will transition its ownership position as part of the transaction.
FinSMEs
07/03/2024