TA Associates Makes Growth Investment in AGA Benefit Solutions as Novacap Exits
March 5, 2024
TA Associates has made a significant growth investment in AGA Benefit Solutions, partnering with AGA's management team who will remain major shareholders. Novacap, which invested in AGA in 2020, has transitioned its ownership as part of the transaction; AGA will use the new capital to pursue organic growth, technology investment and further M&A to expand its national platform.
- Buyers
- TA Associates, AGA Benefit Solutions management (rollover shareholders)
- Targets
- AGA Benefit Solutions
- Sellers
- Novacap
- Industry
- Insurance
- Location
- Quebec, Canada
- Transaction Type
- Growth capital
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