Montreal, September 2, 2026 – Lussier is entering an important new phase in its development with the arrival of new strategic partners. Sagard Private Equity Canada and Desjardins are becoming shareholders alongside the Lussier family.
This transaction is intended to support Lussier’s ambitions by bringing on strategic partners who share its values, entrepreneurial vision and long-term commitment. It also marks a historic milestone for the organization, as this is the first time in more than 110 years that the Lussier family has opened its capital to external partners.
With their expertise, business networks and investment capacity, Sagard Private Equity Canada and Desjardins will help accelerate the company’s organic growth in Quebec and support its expansion elsewhere in Canada. The Lussier family will retain a majority interest in the company, while Luc-André Lussier and Caroline Lussier will remain at the helm of the organization and continue to lead it independently.
“This transaction marks an important milestone in Lussier’s evolution. The arrival of partners of the calibre of Sagard Private Equity Canada and Desjardins strengthens our ability to pursue new growth opportunities, support our clients across Canada and further consolidate our leadership position, while maintaining the independence that has characterized our company for more than 110 years,” said Luc-André Lussier, President and Chief Executive Officer of Lussier.
With the support of Sagard Private Equity Canada and Desjardins, Lussier now has the resources, network and expertise needed to pursue its ambitions across Canada while remaining true to its entrepreneurial identity and Quebec roots.
About Lussier
In business since 1915, Lussier is a leader in insurance and employee benefits consulting, with more than 800 employees and 22 branches across Quebec. Our comprehensive offering covers all our clients’ needs: auto and home insurance, individual insurance, financial planning, business insurance (civil liability, surety, damage insurance), group insurance, human resources, health and safety, and group annuities. As an independent firm, Lussier works with 70 insurers to find the best way to protect its clients’ human and financial assets. To learn more, visit lussier.co.
Contact:
Isabelle Carrière, Director, marketing and communications
icarriere@lussier.co - 514 773-6685
About Sagard Private Equity Canada
Sagard is a global multi-strategy alternative asset management firm with more than US$46 billion in assets under management*. We invest in venture capital, private equity, private credit, and real estate. We deliver flexible capital, an entrepreneurial culture, and a global network of investors, commercial partners, advisors, and value-creation experts. The firm has offices in Canada, the United States, Europe, Asia, and the Middle East. To learn more, visit sagard.com.
Contact:
Adam Daifallah
adam.daifallah@teneo.com
About Desjardins Group
Desjardins Group is the largest cooperative financial group in Canada and the eighth largest in the world, with assets of $543.5 billion as of June 30, 2026. Desjardins has been named one of the top employers in Canada by both Forbes magazine and Mediacorp. It offers a full range of financial and insurance products and services through its extensive distribution network, its online platforms, and its subsidiaries across Canada. In addition to being ranked among the world’s strongest banks according to The Banker magazine, Desjardins has one of the highest capital ratios and one of the highest credit ratings in the industry. To learn more, visit Desjardins.com.
