M&A Deal Summary

Alliant Insurance Services Acquires Hecht & Hecht Insurance Agency

On March 5, 2018, Alliant Insurance Services acquired insurance company Hecht & Hecht Insurance Agency

Acquisition Highlights
  • This is Alliant Insurance Services’ 23rd transaction in the Insurance sector.
  • This is Alliant Insurance Services’ 30th transaction in the United States.
  • This is Alliant Insurance Services’ 2nd transaction in Oregon.

M&A Deal Summary

Date 2018-03-05
Target Hecht & Hecht Insurance Agency
Sector Insurance
Buyer(s) Alliant Insurance Services
Deal Type Add-on Acquisition

Target

Hecht & Hecht Insurance Agency

Portland, Oregon, United States
Hecht & Hecht Insurance Agency, Inc. is a provider of property and casualty insurance services. Hecht & Hecht Insurance Agency is based in Portland, Oregon.

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Buyer(S) 1

Buyer

Alliant Insurance Services

Irvine, California, United States

Category Company
Founded 1925
Sector Insurance
DESCRIPTION

Alliant Insurance Services is a retail insurance broker providing property and casualty insurance and employee benefits products to over 15,000 commercial middle market clients nationwide. Alliant Insurance Services was founded in 1925 and is based in Newport Beach, California.


DEAL STATS #
Overall 30 of 69
Sector (Insurance) 23 of 52
Type (Add-on Acquisition) 29 of 65
State (Oregon) 2 of 4
Country (United States) 30 of 67
Year (2018) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-12 Boynton & Boynton Insurance Professionals

Fair Haven, New Jersey, United States

Boynton & Boynton Insurance Professionals is a provider of commercial and personal insurance solutions to clients in New York, New Jersey, and Pennsylvania. With more than 80 professionals and a client base spanning a broad range of industries. Boynton & Boynton Insurance Professionals was founded in 1929 and is based in Fair Haven, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-04 Dumortier Risk Management

Los Angeles, California, United States

Dumortier Risk Management, Inc. is an insurance brokerage firm that specializes in hospitality risk management. Dumortier Risk Management was founded in 2002 and is based in Los Angeles, California.

Buy -