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Alera Group Acquires Employee Benefits Firm Spring Consulting
Tuesday 13 February 2018

13 February 2018 - US-based employee benefits, property/casualty, risk management and wealth management firm Alera Group, has acquired Boston, US-based Spring Consulting Group LLC, the company said.

This acquisition expands the national presence of Alera Group, establishing locations of the firm in 17 states.

Terms of the transaction were not disclosed.

Spring is a multidisciplinary employee benefits and risk management consulting firm.

Through innovative risk financing and wealth creation strategies, Spring works to provide long-term measurable financial benefits for each of their clients.

Their expertise covers the full spectrum of organizational risk, from small group health insurance to captive insurance for large multi-national corporations.

Alera Group continues to grow organically and through acquisitions since its formation in December 2016.

Based in Deerfield, Illinois, Alera Group's over 850 employees serve more than 20,000 clients nationally in employee benefits, property and casualty, risk management and wealth management.

Alera Group was created by merging 24 entrepreneurial firms across the US.

It is the 14th largest independent insurance agency and the 7th largest independent employee benefits firm in the country.
Date Published: 13/02/2018
Target: Spring Consulting Group
Country: USA
Sector: Insurance
Type: Corporate acquisition
Status: Closed
Buyer: Alera Group
Terms of the deal were not disclosed