Sequeira Partners acted as exclusive financial advisor to ZLC Financial’s employee benefits division (“ZLC ”) on its partnership with Synex Business Performance (“Synex”).
The transaction closed in April 2022:
Description of Transaction
Sequeira Partners was engaged by the shareholders of ZLC Financial to assist with identifying a suitable partner to provide a platform for future growth for the Employee Benefits business.
The Sequeira team provided advisory assistance throughout the transaction including marketing the business, negotiating preliminary and final deal terms, transaction structure and consideration, as well as assisting with due-diligence and other pre-closing matters.
The strategic partnership between ZLC Employee Benefits and Synex results in a leading employee benefits platform, which is derived by combining the strength of ZLC Financial’s footprint in Western Canada, in combination with the high growth platform of Synex Business Performance.
ZLC Financial is a well-respected boutique Financial Services firm that has proudly served the Western Canadian marketplace for more than 70 years. ZLC specializes in providing concierge financial guidance to high-net-worth individuals, families, entrepreneurs and successful business owners, who continue to benefit from the rich value that ZLC delivers.
Synex Business Performance is a holding company that owns the $465 millions of premium in Synex insurance brand, and $220 millions of premium in Synex Group insurance. Synex owns 16 property and casualty and group benefits insurance brokerage firms across Canada.
Province
British Columbia
Sector
Insurance and Business Services
Service
Sell-Side
