M&A Deal Summary

Alera Group Acquires Compensation Works

On June 16, 2022, Alera Group acquired business services company Compensation Works

Acquisition Highlights
  • This is Alera Group’s 13th transaction in the Business Services sector.
  • This is Alera Group’s 117th transaction in the United States.
  • This is Alera Group’s 3rd transaction in Washington.

M&A Deal Summary

Date 2022-06-16
Target Compensation Works
Sector Business Services
Buyer(s) Alera Group
Deal Type Add-on Acquisition

Target

Compensation Works

Seattle, Washington, United States
website
Compensation Works is a national compensation solution company providing data-driven solutions that support business strategies and human capital initiatives. Compensation Works is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Alera Group

Deerfield, Illinois, United States

website


Category Company
Founded 2016
SectorInsurance
Employees750
DESCRIPTION

Alera Group is an independent insurance and wealth management firm?offering comprehensive employee benefits, property and casualty, retirement services, and wealth management solutions to clients nationwide. Alera Group was founded in 2016 and is based in Deerfield, Illinois.


DEAL STATS #
Overall 118 of 125
Sector (Business Services) 13 of 14
Type (Add-on Acquisition) 117 of 123
State (Washington) 3 of 3
Country (United States) 117 of 124
Year (2022) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 Wharton Business Group LLC

Malvern, Pennsylvania, United States

Wharton Business Group is an employee-owned wealth services firm in Pennsylvania that manages more than $3.5 billion in assets for business owners and institutions. Wharton Business Group is based in Malvern, Pennsylvania.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-14 DFG 401(k) Advisors

Phoenix, Arizona, United States

DFG 401(k) Advisors is an independent, qualified retirement plan services firm that works with companies and their fiduciaries towards maximizing retirement plan outcomes by increasing effectiveness. For more than 30 years, the company has enabled conscientious companies to effectively scrutinize and benchmark their 401(k) plans with the goal to save money, improve benefits, streamline administration, and importantly, ensuring compliance amid the confusion of changing legislation and regulation. Securities are offered through LPL Financial, member SIPC www.sipc.org. Investment advice is offered through Global Retirement Partners, LLC, a registered investment advisor. Global Retirement Partners, LLC, DFG 401(k) Advisors, and LPL Financial are separate non-affiliated entities. DFG 401(k) Advisors is based in Phoenix, Arizona.

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