Sterling Capital Brokers acquires LCI

Sterling Capital Brokers, an independent consultancy based in Toronto, has acquired Leudey Consultants Inc. (LCI), a Halifax-based boutique services consultancy.

Founded in 2002 by Bill Luedey, LCI serves more than 70 clients in Atlantic Canada, including private companies, public sector employers and trade union companies. The LCI team has more than 100 years of consulting experience in the areas of performance plan review, plan management, damage analysis, market analysis, benchmarking and communication.

The company has offices in Halifax, NS and Fredericton, NB.

Sterling’s acquisition of LCI will make it one of Canada’s largest independent consulting firms specializing in high-growth small and medium-sized businesses. « Luedey Consultants is a highly respected organization with an exceptional reputation in Atlantic Canada, » said John Griffin, President of Sterling Capital Partners. « This combination will give the combined company access to new regions and strong internal advisory capabilities from LCI. »

Sterling was founded in 2014 and provides comprehensive advice on services and bespoke plan management technology. The company’s integrated partners include Blue Marble, ADP, Ceridian and SAP SuccessFactors.

The company’s offering includes group insurance and third party administration services, group retirement, risk management, retail investments and international benefit management advice.

Sterling employs approximately 18 people in its Toronto office.

« By expanding LCI’s advisory capabilities through Sterling’s approach to small to medium-sized retirement plans, our combined services are well positioned to provide valuable employee benefit advice to current and prospective clients in Atlantic Canada and other regions of Canada, » said Luedey.

Winnipeg-based People Corporation recently acquired several Canadian benefits consulting firms, including Alliance Pour La Santé Etudiante Au Quebec Inc. (ASEQ), Watermark Benefit Consulting Inc., and Encompass Benefits & amp; HR Solutions Inc.

Sterling Capital Brokers acquires LCI
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