M&A Deal Summary

Alera Group Acquires Cambridge Benefit Solutions

On April 20, 2020, Alera Group acquired insurance company Cambridge Benefit Solutions

Acquisition Highlights
  • This is Alera Group’s 66th transaction in the Insurance sector.
  • This is Alera Group’s 76th transaction in the United States.
  • This is Alera Group’s 2nd transaction in Arizona.

M&A Deal Summary
Date 2020-04-20
Target Cambridge Benefit Solutions
Sector Insurance
Buyer(s) Alera Group
Deal Type Add-on Acquisition

Target

Cambridge Benefit Solutions

Chandler, Arizona, United States
Cambridge Benefit Solutions offer simple solutions for complex business and individual issues. Cambridge Benefit Solution's mission to provide businesses throughout Arizona and the surrounding states with innovative, valuable benefit offerings. Through local partnerships and decades of industry expertise, the firm brings unique expertise and cost-cutting strategies to their clients.

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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 76 of 139
Sector (Insurance) 66 of 114
Type (Add-on Acquisition) 75 of 136
State (Arizona) 2 of 5
Country (United States) 76 of 139
Year (2020) 6 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-14 Georgetown Insurance Service

Silver Spring, Maryland, United States

Georgetown Insurance Service, Inc. is an independent insurance agency that has been providing customized personal and business insurance solutions to the Maryland, Virginia and D.C. area since 1977. Georgetown Insurance has handled the insurance needs of approximately 1,600 businesses and 3,500 individuals and families.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-21 Barkley Risk Management & Insurance

Oxnard, California, United States

Barkley Risk Management & Insurance is a risk management consultant and insurance broker that serves clients throughout California and the surrounding region, providing safety and risk management, claims management, business, and insurance risk, and more. The firm has unique risk expertise in the agriculture, manufacturing, hospitality, and entertainment industries. Barkley Risk Management & Insurance was formed in 2000 and is based in Oxnard, California.

Buy -
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