Employee Benefits
Alera Group Acquires Austin & Co., Inc.
July 11, 2019
Deerfield, IL -- Alera Group, a leading national insurance firm, today announced its acquisition of Austin & Co., Inc. (Austin & Co.), effective July 1, 2019. The firm expands Alera Group’s employee benefits and property & casualty expertise. Terms of the transaction were not disclosed.
Austin & Co., located in Albany, New York, has served clients throughout the Northeast for more than 165 years. Their service offerings include employee benefits, commercial and business insurance, and HR consulting services. Austin & Co. has a particular emphasis in designing unique program offerings for the education community.
“Austin & Co. is an exciting addition to Alera Group. The management team has a great deal of experience and expertise and will be welcome partners within our collaborative culture,” said Alan Levitz, CEO of Alera Group. “Their local reputation as an outstanding firm immediately adds to our presence in the northeast and brings additional regional and national capabilities, elevating the Alera Group client experience.”
“Joining Alera Group is a thrilling opportunity for our firm as we continuously strive to serve our clients with the industry’s leading solutions and expertise,” said James Sidford, President of Austin & Co. “The collaborative culture of Alera Group will allow us to continue to exceed our clients’ expectations, while growing and strengthening the deep relationships we have in our local community.”
All Austin & Co. employees will continue operating out of the firm’s existing locations under the name Austin & Co., an Alera Group Company, LLC.
Alera Group was formed in early 2017 and is one of the nation’s foremost independent insurance agencies. For more information on partnering with Alera Group, visit Partner With Us at www.aleragroup.com.
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About Alera Group
Based in Deerfield, IL, Alera Group’s over 1,700 employees serve thousands of clients nationally in employee benefits, property and casualty, risk management and wealth management. Alera Group is the 15th largest privately held firm in the country. For more information, visit www.aleragroup.com or follow Alera Group on Twitter: @AleraGroupUS.
M&A Contact
Rob Lieblein, Chief Development Officer
Email: rob.lieblein@aleragroup.com
Phone: 717-329-2451
Media Contact
Jessica Tiller, Weiss PR
Email: jtiller@weisspr.com
Phone: 443-621-7690