On March 5, 2024, AGA Benefit Solutions ("AGA") announced that it had received a significant growth investment from leading global private equity firm TA Associates ("TA"). As part of the transaction, Novacap, a leading North American private equity firm which invested in the business in 2020 out of its inaugural financial services fund, will transition its ownership position. AGA's management team will remain in place and continue to be major shareholders of AGA.

AGA is a Canadian leader in the development and administration of customized group insurance plans and group retirement plans. AGA serves more than 2,700 clients, supports over 200,000 members with the management and adjudication of their claims, and boasts over a $1 billion in premiums and group retirement assets under management.
 
Gowling WLG advised AGA's senior management team with respect to this investment with a team that included Marc Tremblay (corporate) and Daniel Lacelle (tax), with the assistance of paralegal Mélanie Bergeron.