Alera Group, a national insurance and wealth management firm, has ramped up its M&A activity with its third purchase this month.
Alera has acquired Utah-based Fringe Benefit Analysts for an undisclosed amount. The full-service insurance, consulting and employee benefits firm offers a suite of educational tools to help
“Fringe Benefit Analysts’ longevity in the industry speaks to their strong customer service and unmatched expertise,” Alan Levitz, CEO of Alera Group, said in a release. “They are dedicated to establishing lasting relationships between their teams and their clients and we share those values at Alera Group. ”
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Fringe Benefit Analysts also provides a variety of insurance products including group health, dental, vision, life and disability coverage in addition to
Fringe Benefit Analysts is the latest in a string of acquisitions by Alera Group. In an effort to grow its national footprint, the company also acquired AGM Benefit Solutions, a provider of voluntary benefits and benefits technology, in mid July. Earlier this month, Alera Group struck an M&A deal with New England Employee Benefits Company, which utilizes technology and analytics to deliver cost-effective benefits solutions.
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With its most recent acquisition, Alera Group will not impose any changes to Fringe Benefit Analysts’ structure or leadership team.
“Our team at Fringe Benefit Analysts serves a wide variety of businesses and individuals with the highest degree of expertise,” Scott Deru, president of Fringe Benefit Analysts, said in a release. “We focus on simplifying compliance regulations, cost controls and
