Alera Group Acquires Interest in The Insurance Alliance of Central Pennsylvania

Alera Group 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. Formed in early 2017, Alera Group is a Deerfield, Ill.-based independent insurance agency and privately held employee benefits firm.

In acquiring The Alliance, Alera Group expands its capabilities with respect to the integration of the property and casualty 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 property and casualty platform, enabling access to multiple markets, improved technology and intellectual property, according to a company press release.

Alera Group did not acquire any interest in the firms that are members of The Alliance beyond the previously existing Alera Group firms.

Source: Alera Group

Topics Mergers & Acquisitions Pennsylvania