Company makes acquisition and strategic alliance
Morneau Sobeco Income Fund, a provider of employee benefits consulting and administrative solutions, has acquired Shepell-fgi, a provider of employee health and productivity services.
“Employers face increasing challenges in managing the health and productivity of their workforce. Shepell-fgi’s recognized leadership in workplace health and productivity solutions will complement our firm’s leadership in pensions and benefits, allowing us to serve a broader spectrum of organizations’ human resource management needs,” said William Morneau, chairman and chief executive officer of Morneau Sobeco.
The company has also entered into a strategic alliance with Sibson Consulting, the HR consulting division of the Segal Company, to offer benefits and HR consulting solutions to its U.S. clients and provide enhanced outsourcing solutions to Sibson’s client base.