Three investors acquire AGA Financial Group
October 1, 2013 – A new team of shareholders made up of Martin Papillon, Chantal Dufresne and Gabriel
Gagnon, all of whom are well known in the Quebec insurance and financial services industry, has acquired
AGA Financial Group, held by La Capitale Insurance and Financial Services since 2005. This transaction
takes effect today.
“We were looking for a good business opportunity, and that is what we have found in AGA Financial Group. As far as
human, financial and technological resources are concerned, the strengths of this well-structured organization are
undeniable. We are highly motivated to take on this challenge”, said Martin Papillon, the company's new President
and Chief Executive Officer.
"The unsolicited purchase offer for AGA Financial Group prompted some reflection concerning AGA's future as part
of La Capitale Financial Group. We concluded that in the Group Insurance market, we want to remain active as an
insurer and not as a distributor. We wish them the best success in the future," said Steven Ross, President and Chief
Operating Officer, Life and Health Insurance and Financial Services sector, at La Capitale Financial Group.
About AGA Financial Group
Since its inception in 1978, AGA Financial Group has helped clients across Canada develop and administer tailor-
made group insurance plans. Its clients include small-, medium- and large-size businesses, as well as financial
security and group insurance consultants wishing to make a group insurance plan available to their clients. AGA has
a Quebec-wide distribution network with some 90 employees, offices in Montreal and Quebec City, and
approximately 1,500 clients.
About La Capitale Financial Group
La Capitale Financial Group has a strong presence across Quebec and throughout Canada. With over
2,900 employees, agents and advisors, and guided by the values of mutualism on which it was founded, La Capitale
works with clients to build, protect and value what they feel counts for their financial security. It offers insurance
products and financial services to the general public as well as to Quebec public administration employees. With
assets of $4.7 billion, La Capitale occupies a choice position among leading insurers in Canada.
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