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Selectpath Benefits & Financial expands its operations in Southwestern Ontario with the addition of the LBM Consulting team

Posted by J. Wayne Koch

Aug 29th, 2017

Selectpath Benefits & Financial expands its operations in Southwestern Ontario with the addition of the LBM Consulting team

Bringing together Selectpath's existing Sarnia, Ontario operations with those of LBM Consulting will create a strong platform for future growth. The deal simultaneously reinforces Selectpath as a major player in the Canadian employee benefits and wealth management business, complementing existing operations in Sarnia and London with a similarly strong platform for growth, and substantially widens Selectpath's footprint.

Based in Sarnia, Ontario, Canada, LBM Consulting was founded in 2001 to deliver expert guidance to corporations and individuals seeking health-care benefits, life insurance, financial solutions and integrated retirement planning. Since its inception, LBM Consulting has grown to become Sarnia's largest independently owned and operated insurance and investments advisory firm. LBM is the exclusive Sarnia and region Chamber of Commerce advisor.

Len MacLachlan, LBM Consulting President, said "I am extremely excited about this partnership, by becoming part of the Selectpath organization. This deal will improve our client offerings by leveraging the resources of a strong regional player with a best-in-class service model, proprietary products, industry and sector expertise, back-office technology and national as well as international reach that our firm could not have developed on our own."

"We are delighted to formally welcome the LBM Consulting team into the Selectpath family," said Gordon R. Hart, President, and CEO. "The stage is now set for solid growth with a great leadership team that will also attract new merger partners, allowing us to replicate our proven strategy of partnering with entrepreneurial advisory firms."

Vice President John Sabourin added "We've been looking hard for the right opportunity to expand our Sarnia operation and know that in LBM Consulting we've found the perfect partner to take this next strategic step." He continued "This is a game-changing transaction for us. By joining forces with LBM Consulting, we build upon our team of respected and talented individuals. We can't wait to get started." With a strong focus on group benefits, life insurance and wealth management, LBM Consulting brings a proven track-record of growth and client satisfaction to Selectpath.

About Selectpath

Selectpath is a leading employee benefits, pensions, insurance, wealth management, and human resources consultancy firm in Canada. Managing over $350 million in group insurance premiums and over $330 million in assets under administration, Selectpath is one of Canada's largest independently owned and operated consultancy firms focusing on innovative, customized solutions for small to medium entrepreneurial organizations and their leaders. Selectpath is a member of The Benefits Alliance Group, Canada's premier network of independent group benefits advisory firms serving clients coast to coast. Selectpath is also Canada's only member of United Benefits Advisors which ranks as one of the top 10 employee benefits brokerage organizations globally.

Additional information at www.selectpath.ca

For further information, please contact:

• Jeffery Cox, Selectpath (888) 327-5777 jeffery@selectpath.ca

• Len MacLachlan, LBM Consulting (519) 337-0807 len@lbmconsulting.com

• Gordon Hart, CEO, Selectpath (888) 327-5777 gord@selectpath.ca


Selectpath Benefits & Financial expands its operations in Southwestern Ontario with the addition of the LBM Consulting team

Sarnia

704 Mara Street, Suite 111
Point Edward, ON N7V 1X4

Tel: (519) 344-7494

Toll-Free: (800) 362-8544

London

310-700 Richmond Street
London, ON N6A 5C7

Tel: (519) 675-1177

Toll-Free: (888) 327-5777