The group insurance and group retirement company AGA Benefit Solutions has acquired Markham, ON-based benefits provider J&D Benefits.
J&D Benefits provides customized benefit administration services, specializing in multi-provider, flexible benefits, and multi-employer platforms.
The acquisition gives the J&D Benefits team the resources and network to expand its operations nationwide, a release said. Meanwhile, AGA will benefit from J&D’s multi-employer platform, which complements AGA's portfolio of products and services.
Following the acquisition, J&D Benefits will operate under the AGA Benefit Solutions name. Meanwhile, J&D Benefits president Todd Rappitt will be a shareholder and partner in AGA and will work closely with AGA CEO Martin Papillon to help scale the business of the J&D team.
"This is an exciting milestone for our company as we leverage J&D's multi-employer plan platform to serve organizations and their members across Canada," said AGA president and CEO Martin Papillon. "J&D Benefits has been providing coverage to Canadian organizations over the last four decades. The same high level of service and care our clients have come to expect will continue. We are very pleased to welcome the J&D Benefits employee group to the AGA family."
"AGA is an ideal fit for J&D Benefits. AGA aligns with what J&D worked so hard to achieve. Being a Canadian based company with a mission to streamline administration and focussing on customer service are two fundamental values of J&D. They have exceptional depth, resources and experience that I know will benefit our clients" said Todd Rappitt. "We will work closely together to ensure a smooth and seamless transition and integrate our highly complementary product offering into AGA's operations.''
AGA Benefit Solutions currently serves over 2,600 clients and supports more than 155,000 members with the management and adjudication of their claims. The company also has $400 million in premiums and $310 million in group-annuity assets under management.
