Novacap-backed AGA Financial Group completed the acquisition of Aptus Benefits

Novacap, a private equity-backed AGA Financial Group, an insurance company, completed the acquisition of Aptus Benefits, a provider of retirement and group benefits services. Financial terms were not disclosed. “This is an exciting opportunity for Aptus Benefits, as we work to elevate our position in retirement and group benefits services in Western Canada, operating under an ideal entity like AGA Benefit Solutions. Together, we will share our industry knowledge and remain well positioned for continued success," Bill Watt, Aptus Benefits principal.