M&A Deal Summary

Alera Group Acquires Ascent Group

On January 4, 2023, Alera Group acquired financial services company Ascent Group

Acquisition Highlights
  • This is Alera Group’s 4th transaction in the Financial Services sector.
  • This is Alera Group’s 132nd transaction in the United States.
  • This is Alera Group’s 2nd transaction in Virginia.

M&A Deal Summary
Date 2023-01-04
Target Ascent Group
Sector Financial Services
Buyer(s) Alera Group
Deal Type Add-on Acquisition

Target

Ascent Group

Virginia Beach, Virginia, United States
Ascent Group provides synergies and strategic benefits across employee benefits and property & casualty verticals to provide more holistic solutions for clients that can truly bridge gaps for both plan sponsors and participants. Ascent Group was founded in 2021 and is based in Virginia Beach, Virginia.

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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 132 of 140
Sector (Financial Services) 4 of 4
Type (Add-on Acquisition) 129 of 137
State (Virginia) 2 of 2
Country (United States) 132 of 140
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-19 Murray Insurance

Kissimmee, Florida, United States

Murray Insurance provides affordable care act, individual & family health insurance, medicare, group insurance, life insurance, accident insurance, and vision insurance. Murray Insurance was founded in 1981 and is based in Kissimmee, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-17 Brio Benefits

New York, New York, United States

Brio Benefits is an employee benefits consulting company based in New York, New York.

Buy -
Mergr

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