The corporate has acquired the New England Worker Advantages Firm
Alera Group, one of many nation’s prime ten company acquirers, has introduced one other acquisition in our area. The corporate introduced that it has welcomed the New England Worker Advantages Firm (NEEBCo), of Harmony, New Hampshire. Based in 1988, NEEBCo has grown over the previous three many years into a distinct segment company with intensive expertise, know-how, analytics and distinctive funding choices to ship cost-effective worker advantages options for employers all through New Hampshire, New England and the U.S.
“NEEBCo takes a progressive method to supporting the ever-changing advantages panorama by designing plans which are present, applicable and cost-effective. We pleasure ourselves on taking a tailor-made and personalised method with each consumer,” stated Brett Houston, NEEBCo Principal & President of Operations. “Alera Group’s nationwide presence and strategic acquisitions means we will supply much more sources to our long-standing and highly-regarded buyer base. Becoming a member of Alera Group permits us to proceed our presence and development within the worker advantages market, present stability for our workers and to be of service to our shoppers for years to come back.”
“NEEBCo has been a trusted institution within the worker advantages and insurance coverage business since 1988,” stated Alan Levitz, CEO of Alera Group. “As a results-driven business chief, NEEBCo is a superb match for Alera Group, providing long-term profit methods, creative technology-based options, compliance administration and wellness applications for shoppers nationwide.”
In accordance with the phrases of the transaction, NEEBCo and its workforce will proceed in the identical positions and workplace location upon completion of the merger. No additional phrases of the transaction weren’t disclosed.
Alera’s growing presence within the New England market
Roughly three years in the past, many within the Massachusetts and New England insurance coverage business knew little about Alera Group. Based mostly in Deerfield, IL, the unbiased, nationwide insurance coverage and wealth administration agency has greater than $600 million in annual income, and greater than 2,500 workers in its 100-plus workplace areas. It additionally has been a prime ten company purchaser nationally, with it announcing 18 deals in the first half of 2021 alone.
All that modified, nevertheless, with the corporate’s company acquisition of the well-known independent insurance agency, GordonAtlantic, in October 2020. Since then, the corporate has been rising its presence constantly right here within the area with these extra company acquisitions: