Synex Business Performance
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Synex Business Performance - overview
Established
2020
Location
-, QC, Canada
Primary Industry
Insurance
About
Based in Quebec, Canada, and founded in 2020, Synex Business Performance also known as GROUPE SYNEX INC. operates as a financial holding company that holds 14 brokerage firms that offer insurance and financial services. In April 2025, CDPQ and Ares Management acquired a minority stake in Synex Business Performance, as part of recapitalization. Financial terms of the transaction were not disclosed.
As of 2022, Yan Charbonneau acts as the President and Chief Vision Officer of the company. Synex Business Performance offers its firms the resources and expertise required to conduct their daily operations in insurance and financial services, including general insurance and group insurance. Synex has two divisions, Synex Insurance, a division specialising in general insurance, and Synex Group Solutions, a division specialising in group insurance, and it owns 14 brokerage businesses like sharp insurance, Plan B solutions etc. The company plans to use the March 2022 funding to expand its operations, including consolidating the insurance brokerage industry in Canada.
Current Investors
Brown Brothers Harriman, Ares Management, CDPQ
Primary Industry
Insurance
Sub Industries
Commercial Insurance
Website
www.synexcorp.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Synex Business Performance - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Announced | FSB Group Ltd. | - | ||||||||
| Secondary Buyout | Completed | Synex Business Performance | - | ||||||||
| Buyout | Completed | Synex Business Performance | - |
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