Alera Group, an independent, national insurance and wealth management firm, acquired Customized Benefit Solutions Inc. (CBSI), an employee benefits and insurance firm based in Hightstown, New Jersey. Terms of the transaction were not announced.
CBSI provides group employee benefits, Medicare enrollment, payroll processing and management and individual plans with an array of services including group health insurance, dental, vision and group life.
Alera Group offers employee benefits, property/casualty, retirement services and wealth management to clients nationwide.
CBSI joins Alera Group through CRISP, an Alera Group company in New Jersey. The CBSI team will continue serving clients in existing roles. CBSI was represented and advised on the transaction by Helfer & Associates LLC, located in Englewood, New Jersey.
Source: Alera Group
Topics Mergers & Acquisitions New Jersey
Was this article valuable?
Here are more articles you may enjoy.
US P/C Insurers Post Best Q1 Underwriting Result In 17 Years 
Workers Sue Disney, Say They Were Wrongly Induced to Move to Florida 
As Rates Rise, Majority of Homeowners Say Insurance Industry Is in Crisis: Survey 
A $29 Billion Weed Market Fights to Diversify Amid Legal Hurdles 
