Hub International announced May 7 that it has acquired the shares of Les Avantages Sociaux Delta Inc., which operates as The dElta Group.
The dElta Group, which has offices in the greater Montreal area, is a benefits brokerage that provides support and actuarial services for group insurance and retirement plans, as well as human resources and disability management, for mid-size and large businesses. The company is the result of an amalgamation of Les Advantages Sociaux Delta Inc., Ressources Humaines Delta Inc., and Le Groupe Financier Tanner-Deland Inc. Terms of the acquisition were not disclosed.
Strategic employee benefits and HR
"Since founding The dElta Group more than 20 years ago, our goal has always been to be a strategic employee benefits and HR partner for clients," said Roger d'Eschambault, Founder and Chairman of The dElta Group. "By joining Hub, we gain scale and the infrastructure for tremendous growth given the multitude of additional resources and capabilities that exist within Hub. This will allow us to provide even more tailored benefits solutions for our clients while maintaining our highly personal approach to administering benefits and retirement plans."
The dElta Group team will join Hub Quebec, and d'Eschambault will report to Stephen Blais, President of Hub Quebec.
Strong relationships with the pension plan providers
"The dElta Group has earned a strong reputation in the employee benefits and retirement industry based on its experience, relationships with the pension plan providers in Canada and a client-centric approach to servicing hundreds of Canadian companies," said Blais. "We're excited to welcome The dElta Group team to Hub as they will strengthen our benefits and retirement offering throughout Canada."
This is a latest in a series of acquisitions for Hub International in the employee benefits space. In April it announced the acquisition of ES3 Advisory and The Benefits Company. In March it announced the acquisition of GMS Insurance and in February it announced that it had purchased Pointbreak Consulting Group. To learn more about Hub International’s acquisition strategy for the Canadian market, read this article.