Alera Group has acquired Ohio-based employee benefits (EB) company Bailey & Company Benefits Group.
The terms of the transaction have not been disclosed.
Bailey & Company specialises in providing a wide range of EB programmes for its clients, which range from mid-sized privately held businesses publicly traded companies.
The company also has significant expertise in private exchanges, partially self-funded benefit plans and captive-based reinsurance programmes.
Alan Levitz, CEO of Alera Group, said he was excited to welcome Bailey & Company to the group and added that managing partner Grant Bailey and his team would bring “significant expertise to our national platform”.
Levitz commented: “This is a great opportunity for us to enhance the client experience both by tapping into Bailey & Company’s expertise and by adding Alera Group’s resources to Bailey & Company’s practice.”
“[The] firm’s dynamic teamwork and professionalism is an excellent fit for our collaborative national culture.”
Bailey stated: “We are excited to be an Alera Group company.”
“As part of this remarkable organisation, we are even better equipped to meet our clients’ needs with world-class resources, expertise, and technology.”
“We look forward to our collaborative growth together as we continue to develop unique benefits strategies for all of our clients.”
