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Winnipeg-based group benefits provider People Corp. is selling itself to a division of Goldman Sachs for $1.13-billion in cash, extending an unusual run of billion-dollar sales for companies outside of Canada’s major tech hubs.
Founded in 2007 by Laurie Goldberg, a former financial services executive, People Corp. designs and manages group benefits and group pension services for 1.6 million Canadians through partnerships with thousands of companies across the country.