Winnipeg Free Press - PRINT EDITION

People Corp. acquires Ontario's Bencom firm

  • Print

PEOPLE CORP., the Winnipeg-based national provider of group benefits, group retirement and human resources services has acquired Bencom Financial Services Group Inc. of Kitchener, Ont.

It's one of the largest deals People Corp. has done since it started acquiring independent consulting businesses in the field. Bencom Financial is its third acquisition since September.

People Corp. CEO Laurie Goldberg said the company paid $5 million for the highly regarded southern Ontario firm, which provides group-benefit solutions, group-retirement solutions, and individual-benefit solutions to about 200 mid-market corporate clients.

"This demonstrates the momentum we have in executing our growth strategy," Goldberg said. "Consistent with our previous acquisitions, the owners of Bencom recognized the unique value proposition that we offer partner companies, whereby they continue to run their businesses but are able to leverage the resources and capabilities of a large, well-capitalized national organization such as People Corporation, all of which ultimately benefit our clients."

On the group-benefit side, People Corp. is approaching $500 million in premiums. It provides benefits to more than 300,000 employee and more than 200,000 students at universities and colleges and has about 200 staff. Last year it reported revenue of $24.3 million and $517,000 profit. The company will report its Aug. 31, 2012, year-end results next week.

Republished from the Winnipeg Free Press print edition December 8, 2012 B19

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Weekend springtime weather with Doug Speirs - Apr 19

View more like this

Photo Store Gallery

  • Young goslings jostle for position to take a drink from a puddle in Brookside Cemetery Thursday morning- Day 23– June 14, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • A pelican comes in for a landing Wednesday afternoon on the Red River at Lockport, Manitoba - Standup photo- June 27, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

What are you most looking forward to this Easter weekend?

View Results

View Related Story

Ads by Google