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  6. Alterity Acquires CIC Group

M&A Deal Summary

Alterity Acquires CIC Group

On November 3, 2022, Alterity acquired insurance company CIC Group

Acquisition Highlights
  • This is Alterity’s 1st transaction in the Insurance sector.
  • This is Alterity’s 2nd transaction in the United States.
  • This is Alterity’s 1st transaction in New York.

M&A Deal Summary
Date 2022-11-03
Target CIC Group
Sector Insurance
Buyer(s) Alterity
Deal Type Add-on Acquisition

Target

CIC Group

New York, New York, United States
CIC Group is a boutique commercial insurance consultancy serving clients across the country. The Group supports clients in making informed and strategic insurance buying decisions by independently presenting programs to maximize coverages and manage costs. It provides a scope of singular services, including lender insurance review services, workers’ compensation, construction risk consulting, and third-party compliance and monitoring. CIC Group was formed in 1976 and is based in New York, New York.

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Buyer(S) 1

Buyer

Alterity

Austin, Texas, United States
Category Company
Sector Business Services
DESCRIPTION

Alterity is a consulting firm that focuses on creating value for private equity firms and private employers through strategic consulting on insurance and human resources management. Alterity’s specialized expertise helps employers reduce expenses, drive operational excellence, create new revenue opportunities and retain talent in an increasingly complex environment. Alterity is based in Austin, Texas.

DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-14 Hager Strategic

Washington, District of Columbia, United States

Hager Strategic provide helps clients optimize their benefits and HR payroll administration and systems sourcing strategy. Hager Strategic was founded in 1995 and is based in Washington, District of Columbia.

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