Description of Transaction
Sequeira Partners was engaged by the Silverberg Group to assist with the sale to People Corp (TSXV:PEO). The Sequeira team provided advisory assistance throughout the transaction including negotiating preliminary deal terms, transaction structure and consideration, as well as assisting with due-diligence and other pre-closing matters.
The sale to People Corporation allows Silverberg to leverage the resources of one of Canada’s largest group benefits provider. This will best position the Company for future growth and continued exceptional client service through a broader suite of products and services.
Silverberg Group was established in 1996 and operates throughout Alberta, offering specialized employee benefits consulting to companies of all sizes from a variety of industries. With offices in Calgary, Edmonton and Lethbridge, Silverberg’s client base includes over 800 businesses throughout the province. With an approach of providing superior value to its clients by addressing their varying needs through sophisticated advice on plan design and access to a broad product portfolio, Silverberg Group has developed a highly-trusted brand, and has grown significantly over the years.
People Corporation is a national provider of group benefits, group retirement and human resource services. The Company has offices across Canada; each led by a team of experts and backed by the resources of a national company that is traded on the TSX-V. The Company is headquartered in Winnipeg, Manitoba.