Alera Group Acquires PEO Spectrum

Alera Group Acquires Sylvia Group

December 31, 2019

Insurance

Alera Group, a national employee benefits and insurance firm, acquired Sylvia Group, a Dartmouth, Massachusetts-based insurance and employee benefits agency, effective December 31, 2019. The deal brings Sylvia Group's property & casualty and employee benefits expertise into Alera's national platform to strengthen capabilities and service coverage in New England; terms were not disclosed.

Alera Group Acquires E3 Outsource

March 24, 2021

Professional Services

Alera Group has acquired E3 Outsource, an employee benefits management and technology firm based in Lake Mary, Florida. The acquisition adds E3's Employee Benefits Helpline and Benefits Coaches to Alera's national services, enabling expanded employee benefits advocacy and support for Alera clients across the country.

Spectrum Equity and Health Enterprise Partners Lead Majority Recapitalization of Payer Compass

January 4, 2019

Healthcare Services

Payer Compass, a Dallas-based provider of healthcare reimbursement technology and price transparency solutions, received a majority recapitalization led by growth equity firm Spectrum Equity alongside Health Enterprise Partners. The investment will support product and go-to-market expansion across health plans, self-insured employer groups, third-party administrators and brokers; representatives from both investors will join Payer Compass’ board.

Alera Group Acquires Alper Services LLC

August 11, 2020

Insurance

Alera Group acquired Alper Services LLC effective August 1, 2020, expanding Alera's presence in Chicago and the Midwest. Alper Services — a Chicago-area insurance broker focused on property & casualty, trade credit, employee benefits and claims services — will join Alera through GCG Financial and continue serving clients in their existing roles; terms were not disclosed.

Alera Group Acquires Six Independent Agencies

January 27, 2022

Financial Services

Alera Group announced the acquisition of six agencies — Cate-Russell Insurance, Foa & Son, Gales Agency, Heritage Risk Management, Vital Incite and Webber & Grinnell — effective December 31, 2021. The additions expand Alera’s geographic footprint and bolster its employee benefits, property & casualty, wealth services and healthcare analytics capabilities across the United States; terms were not disclosed.

Alera Group Acquires Core Benefit Solutions

July 19, 2022

Professional Services

Alera Group, an independent national insurance and wealth services firm, has acquired Core Benefit Solutions, an Atlanta-based employee benefits and HR outsourcing firm. Core Benefit Solutions' team will remain in place to continue serving clients; terms were not disclosed.