Morneau Shepell expands U.S., global presence with latest EAP acquisition

Morneau Shepell Ltd. is boosting its presence in the United States and globally with the acquisition of Chestnut Global Partners, an employee assistance program and wellness services provider based in Illinois. As part of the acquisition, Morneau Shepell acquires ownership stakes in five joint venture companies that provide employee assistance services to companies in Brazil, China, Eastern Europe, India and Russia. “Chestnut Global Partners offers particular expertise in addiction treatment, mental-health services and credit counselling, and is recognized in the EAP industry as a leader in research,” said Rita Fridella, executive vice-president and general manager of employee support solutions at Morneau Shepell, in the release.

Read more on Benefits Canada.