People Corporation Announces Acquisition of Robin Veilleux Assurances et Rentes Collectives Inc.

Establishes People Corporation as a leader in the Quebec City market and enhances national distribution capabilities.

WINNIPEG, Manitoba. February 3, 2020:  People Corporation (the “Company”) (TSX Venture: PEO) today announced that it has closed the acquisition of Robin Veilleux Assurances et Rentes Collectives Inc. (“RVARC”) (the “Transaction”). Founded in 1998 and headquartered in Quebec City, RVARC specializes in providing group benefits consulting services for companies based in the province of Quebec. Combined with People Corporation’s existing operations in the Montreal area, the addition of RVARC significantly increases the Company’s presence in one of Canada’s largest provinces. Terms of the Transaction have not been disclosed.

RVARC offers group benefits consulting services to approximately 700 clients directly through its 25 employees in Quebec City, and also through a network of more than 100 independent third-party brokers.  RVARC’s principals, Robin Veilleux and Sylvain Labrecque, will continue to run the operations as part of People Corporation, and RVARC’s experienced team of advisors and account managers will continue to provide industry-leading service to clients in the province of Quebec.

Laurie Goldberg, Executive Chairman and Chief Executive Officer of People Corporation commented, “With over 20 years of history in the Quebec market, RVARC is a well-established group benefits consulting firm with a solid base of long-standing clients and active relationships with a large network of third-party brokers. The platform RVARC has built aligns well with People Corporation’s plan to continue expanding its business in the province both organically and via targeted acquisitions. While People Corporation already has a presence in the Montreal area, the addition of RVARC bolsters the Company’s position in the province. We are very excited to welcome Robin, Sylvain, and the entire RVARC team to the People Corporation family.”

Robin Veilleux, the founder of RVARC added, “Partnering with People Corporation at this juncture will enable RVARC to better capitalize on the growth opportunities ahead in the Quebec market and to take our business to the next level for the benefit of our clients, our third-party broker partners and our employees.”  Sylvain Labrecque added, “RVARC has always been dedicated to delivering holistic solutions to our clients, and with the support of People Corporation and the distribution strength we have built in Quebec, we see an opportunity to offer our clients and third-party broker network an expanded suite of benefits, pension and human resources solutions.”

The Company also announced today the appointment of Celia (Ceci) E. Kaufman, Q.C., ICD.D as Chief Legal Officer and Secretary of the Company.

About People Corporation

People Corporation ( is a national provider of group benefits, group retirement and human resource services. The Company has offices across Canada, each led by a team of experts and backed by the resources of a national company that is traded on the TSX-V. The Company’s industry experts provide uniquely valuable insight while customizing an innovative suite of services to the specific needs of its clients. Whatever your sector, whatever your scale, putting People Corporation’s expertise and proven track record to work will make a difference to your people and your bottom line. Further information is available at

Forward-Looking Information

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