Alera Group Acquires Advanced Capital Group
September 5, 2024
Alera Group, a national insurance and financial services firm based in Deerfield, Illinois, has acquired Minnesota-based Advanced Capital Group (ACG). The deal adds $24 billion in retirement plan and wealth assets to Alera's Retirement and Wealth Services business (bringing the division to $45 billion); terms were not disclosed.
- Buyers
- Alera Group
- Targets
- Advanced Capital Group
- Industry
- Financial Services
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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