Alera Group Acquires The Avon-Dixon Agency from Shore Bancshares
January 3, 2019
Alera Group (through Alera Group Agency, LLC) purchased substantially all assets of The Avon-Dixon Agency, LLC from Shore Bancshares, Inc., with Shore Bancshares receiving approximately $25.2 million in cash. The deal, completed Jan. 3, 2019, will integrate Avon-Dixon into Alera's national network while preserving local client service.
- Buyers
- Alera Group Agency, LLC (Alera Group)
- Targets
- The Avon-Dixon Agency, LLC
- Sellers
- Shore Bancshares, Inc.
- Industry
- Insurance
- Location
- Maryland, United States
- Transaction Type
- Divestiture
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