DEERFIELD, Ill., July 10, 2018 /PRNewswire-PRWeb/ -- Alera Group announced it has acquired a controlling interest in The Insurance Alliance of Central Pennsylvania ("The Alliance"), effective July 1. The Alliance provides support to 10 firms in Pennsylvania, including three firms that were previously acquired by Alera Group.
In acquiring The Alliance, Alera Group immediately expands its capabilities with respect to the integration of the P&C firms it has acquired to date and plans to acquire in the future. The Alliance will serve as an important component of Alera Group's P&C platform, enabling access to multiple markets, improved technology and intellectual property.
"We join Alera Group with great expectations for what we will craft together in our growing synergistic relationship," said Jane Koppenheffer, CEO and President of The Alliance. "Through Alera Group, The Alliance will continue to grow and include new firms, representing a wide variety of sizes, diversity and areas of expertise."
"We are thrilled to be working even more closely with The Alliance. Jane and her team bring tremendous expertise and experience which will enable Alera Group to more quickly grow and integrate as we leverage our new capabilities. We have been and will continue to be proud members of The Alliance alongside firms that share similar values," said Alan Levitz, CEO of Alera Group. "We believe that this transaction is a big step forward for Alera Group, our firms in The Alliance and the entire Alliance."
Alera Group did not acquire any interest in the firms that are members of The Alliance beyond the previously existing Alera Group firms.
Formed in early 2017, Alera Group is one of the nation's foremost independent insurance agencies and privately-held employee benefits firms. For more information on partnering with Alera Group, visit Partnership Opportunities at http://www.aleragroup.com.
About Alera Group
Based in Deerfield, IL, Alera Group's over 1,000 employees serve thousands of clients nationally in employee benefits, property and casualty, risk management and wealth management. Alera Group is the 15th largest independent insurance agency and the 7th largest independent employee benefits firm in the country. For more information, visit http://www.aleragroup.com or follow Alera Group on Twitter: @AleraGroupUS.
M&A Contact
Rob Lieblein, Chief Development Officer
Email: rob.lieblein(at)aleragroup.com
Phone: 717-329-2451
SOURCE Alera Group
Share this article