Alera Group reports it has acquired Foa & Son, an international insurance broker based in New York City.
Terms were not disclosed.
Founded in 1861, Foa & Son maintains commercial practice groups in multinational clients, food and beverage, real estate and construction, hospitality, supply chain, fine art and specie, manufacturers and distributors, professional service firms, not-for-profit, automotive, life science, technology and municipalities. In addition, Foa & Son provides private insurance advisory and corporate benefits consulting services.
Foa & Son said its employees and management will continue in their existing roles.
Alera Group, which has 130 offices throughout the U.S., said it looks forward to partnering with Foa & Son’s broker relationships outside of the U.S.
Alera Group is an independent, national insurance services firm with more than $850 million in annual revenue, offering employee benefits, property/casualty, retirement plan services nationwide.
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