Alera Group Acquires HighRidge Insurance Services

Alera Group Acquires Advanced Capital Group

September 5, 2024

Financial Services

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.

Alera Group Acquires Greenhill Insurance Services

September 6, 2022

Insurance

Alera Group has acquired Greenhill Insurance Services, a Texas-based managing general underwriter and program manager that underwrites professional liability programs nationwide. The Greenhill team will remain in place and the acquisition expands Alera’s specialty underwriting and program capabilities; terms were not disclosed.

Alera Group Acquires Legacy Risk & Insurance Services, LLC

December 3, 2020

Insurance

Alera Group has acquired Legacy Risk & Insurance Services, LLC, expanding Alera's property and casualty capabilities and California footprint effective October 1, 2020. Legacy Risk, based in Walnut Creek, California, will continue serving clients with its existing team; terms were not disclosed.

Alera Group Acquires Bailey & Company Benefits Group

December 12, 2018

Insurance

Alera Group, a national independent insurance agency based in Deerfield, Illinois, has acquired Cincinnati-based Bailey & Company Benefits Group, an employee benefits firm. The acquisition expands Alera's employee benefits capabilities and local presence in the Cincinnati market; terms were not disclosed.

Alera Group Acquires Three Regional Insurance Firms

December 19, 2017

Insurance

Alera Group completed three add-on acquisitions effective December 1, 2017, acquiring Armstrong/Robitaille/Riegle Business and Insurance Solutions (Irvine, CA), Hallberg Commercial Insurers, Inc. (Oak Brook, IL), and the employee benefits division of Walker Higgins Associates (Spartanburg, SC). The acquisitions expand Alera Group’s regional footprints in southern California, the Chicago area, and South Carolina and increase its nationwide network of employee benefits, P&C, risk management and wealth management firms.

Alera Group Acquires Four Regional Benefits and Insurance Firms

October 4, 2017

Insurance

Alera Group completed the acquisition of four regional employee benefits and insurance firms — Axis Benefit Consultants (Westmont, IL), Employer Concept Insurance Services (Irvine, CA), Jeatran Associates (Menomonie, WI) and Simpson McCrady Benefits LLC (Pittsburgh, PA) — effective October 1, 2017. The transactions add more than 50 employees to Alera Group and expand its national footprint across multiple states; terms were not disclosed.