November 1, 2012 – Toronto, ON – Morneau Shepell Inc. today announced the acquisition of Mercer Canada’s pension and benefits outsourcing business, further solidifying Morneau Shepell’s leadership position in this business.
Through this acquisition, Morneau Shepell gains more than 250 employees and approximately 60 clients, including some major multi-national companies. These clients represent approximately $25 million in additional annual revenue to the Company. Some of these clients are existing Morneau Shepell clients, and some are new to the Company. “We are pleased to welcome our new clients and employees to Morneau Shepell,” commented Alan Torrie, President and CEO. “We are equally pleased to broaden our service offerings to a number of our existing clients.”
“Today’s acquisition is in line with our stated strategy to grow our business profitably through acquisitions that complement our existing service offerings or expand our market presence,” said Torrie. “This acquisition is a natural fit for our company, clearly distinguishing Morneau Shepell as the pension and benefits administration leader in Canada,” commented Torrie.
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