Synex Business Performance announces partnership with leading Vancouver employee benefits firm
11 April 2022
Synex Business Performance (“Synex” or “the group”) is delighted to announce a new partnership with ZLC Employee Benefits Solutions (“ZLC EBS”), the employee benefit division of ZLC Financial, a well-respected boutique financial services firm based in Vancouver, British Columbia (B.C.).
“ZLC EBS is one of the fastest-growing employee benefits firms in Vancouver and we are honoured to be part of its success going forward. It’s our mission to support the continued growth of the business and to leverage new opportunities and synergies created by our combined high-performing teams,” said Yan Charbonneau, President and CVO (chief vision officer) of Synex Business Performance.
This newly-formed partnership represents Synex’s largest deal completed to date through Synex Group Solutions. The addition of ZLC EBS brings more than $130 million of premium volume per year and secures Synex’s position as a major player on Canada’s West Coast and across the country, as ZLC operates in B.C., Manitoba, Alberta and Ontario. This partnership will also strengthen relationships with Synex's other general insurance divisions located in Western Canada.
“ZLC financial will continue to work in partnership with ZLC EBS to assist our clientele with group benefit solutions. Our advisors are committed to supporting and growing ZLC EBS now and in the future.”
said Garry Zlotnik, CEO of ZLC Financial.
This strategic partnership was facilitated between the two companies over the last several months with the help of corporate finance and M&A advisory group, Sequeira Partners, led by Kellie Manchester. The partnership officially comes into effect on April 1, 2022.
About ZLC Financial
ZLC Financial is a well-respected boutique Financial Services firm that has proudly served the Western Canadian marketplace for more than 70 years. ZLC specializes in providing concierge financial guidance to high-net-worth individuals, families, entrepreneurs and successful business owners, who continue to benefit from the rich value that ZLC delivers. ZLC offers a wide range of unique and innovative solutions in the following areas:
Life Insurance & Living Benefits | Investments & Retirement Solutions | Employee Benefits & Pensions | Business Family Succession | Integrated Financial Planning | Philanthropic Planning | Structured Settlements. ZLC Financial has been in operation for more than 70 years and manages over 300 group benefit and retirement programs in BC and across Canada. Their team averages 20 years of experience in the industry and works with companies that range in employee size from 4 to 70,000.
Synex Business Performance is a holding company that owns the $465 millions of premium in Synex insurance brand, and $220 millions of premium in Synex Group insurance. Synex owns 16 property and casualty and group benefits insurance brokerage firms across Canada.