M&A Deal Summary

Alera Group Acquires Banasky Insurance Inc

On August 18, 2020, Alera Group acquired insurance company Banasky Insurance Inc

Acquisition Highlights
  • This is Alera Group’s 70th transaction in the Insurance sector.
  • This is Alera Group’s 80th transaction in the United States.
  • This is Alera Group’s 1st transaction in Utah.

M&A Deal Summary
Date 2020-08-18
Target Banasky Insurance Inc
Sector Insurance
Buyer(s) Alera Group
Deal Type Add-on Acquisition

Target

Banasky Insurance Inc

South Jordan, Utah, United States
Banasky Insurance creates property & casualty insurance solutions for its clients, including commercial, life & health, and personal lines solutions. With specific expertise in builder’s risk and commercial fleet coverages, the firm offers unique solutions for clients of every size and industry. Banasky Insurance was formed in 1995 with locations in Price, Utah, and Draper, Utah.

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Buyer(S) 1

Buyer

Alera Group

Deerfield, Illinois, United States
Category Company
Founded 2016
Sector Insurance
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 80 of 140
Sector (Insurance) 70 of 115
Type (Add-on Acquisition) 79 of 137
State (Utah) 1 of 3
Country (United States) 80 of 140
Year (2020) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-13 JDM Benefits

White Plains, New York, United States

JDM Benefits is an insurance broker, agent, and claims advocate. The company offers unique expertise in private exchanges and self-insured benefits plans, along with a variety of benefits solutions. JDM Benefits was established in 1993 and is based in White Plains, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-20 FNL Insurance Group

Timonium, Maryland, United States

FNL Insurance Group provides clients with their employee benefit and health care insurance needs. FNL partner with small and mid-sized employers to develop sustainable benefits programs that support employees while keeping costs low. FNL Insurance Group is based in Timonium, Maryland.

Buy -
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