AGA Benefit Solutions, in partnership with Novacap, is pursuing its expansion into Western Canada, with the acquisition of Aptus Benefits, based in Vancouver, British Columbia.
Aptus Benefits specializes in group benefits and retirement plans, particularly for large unionized organizations, and executive disability programs. Their services include the development of customized plans and the redesign and management of complex plans.
Enviably Positioned to Develop a New Market
This transaction is an excellent opportunity to strengthen AGA’s position in Western Canada’s retirement savings and employee benefits sector. With both firm’s shared knowledge of group benefits and combined expertise, and thanks to its unique products, AGA stands to become a leader in the development of this market.
“We look forward to welcoming Bill Watt and the team into the large AGA family and bringing our suite of solutions to clients in Western Canada. We will make all of AGA’s capabilities available to the Vancouver team, enabling them to deliver a full range of services to their many existing and potential clients!”, said Martin Papillon, President and Chief Executive Officer of AGA.
Martin Papillon is a Fellow of the Canadian Institute of Actuaries and holds an MBA from HEC Montréal. Throughout his career, he has been working in the group insurance and retirement sector. Before joining AGA in 2013, he held advisory and senior management positions with world-class consulting actuarial firms.