Following a busy 2022 of similar dealmaking, Navacord Corp. announced April 3 that it has formed two more partnerships with industry firms, this time with Windsor, Ontario-based Tolmie Financial and Toronto-based Canadian Benefits Consulting Group. Both deals were reportedly effective March 1.
Tolmie is a locally focused, family wealth management and insurance planning firm, while Canadian Benefits primarily serves unions across the country, both regionally and nationally.
Following the deal, Tolmie became part of Selectpath Benefits & Financial. The company’s announcement makes no mention of its plans for Canadian Benefits. “What we offer at Canadian Benefits is a unique side of the business and we’re proud to bring this specialized area of work to Navacord,” states Roy Rastrick, Canadian Business president and CEO.
The announcements follow the company’s February announcement that it has also acquired Lloyd Sadd Consulting, the benefits and retirement arm of Lloyd Sadd Insurance Brokers, effective February 1, 2023.
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