Wishbone Group of Companies acquired by Management Team
Deal AnnouncementA Canadian furniture manufacturing business was ready to sell to their management team. See how we supported them through the sales process.
Navacord Corp. acquires Beneplan
About the client
Known as a disruptor in the health benefits industry, it’s no wonder Navacord Corp. wanted to acquire Beneplan.
Beneplan was created to support small- and medium-sized business owners, enabling them to offer employees affordable health benefits—a luxury typically reserved for big businesses.
Built within a cooperative structure that pays back surpluses to its members, this unique business model has set Beneplan apart in the health benefits space since the early 2000s.
With their collective bargaining power, they’ve been able to secure low premiums and keep true to their principles of ethics, honesty, and transparency.
Deal summary
Client
Beneplan
Transaction type
Divestiture
Services provided
M&A
Sector
Insurance
Close date
April 2022
The client experience
"The Grant Thornton team was in our corner every step of the way and their expertise was invaluable in helping us through this complex transaction process. They provided us with professional advice and peace of mind in achieving the outcome we wanted. If you’re considering an M&A transaction, you need to speak with this team first.”
Yafa Sakkejha, CEO
Beneplan
Latest Deal announcements
Castle Cheese (West) Inc. partners with Headwater Equity Partners
Deal AnnouncementA Canadian cheese manufacturing business wanted to grow but needed help finding the right partner. See how our team supported them through the process.
Kitchener-Wilmot Hydro and Waterloo North Hydro merge to form Enova Power
Deal announcementMany Canadian energy providers are exploring merging their businesses to become stronger and offer customers more competitive services. Before undertaking a merger, there are major financial and societal impacts to consider.