Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, announced today that it has acquired Cambridge Benefit Solutions, effective April 1, 2020.
Cambridge Benefit Solutions, located in Chandler, Arizona, was founded in 1998 by current president Don Fechter. Since the beginning, the firm’s mission has been to provide businesses throughout Arizona and the surrounding states with innovative, valuable benefit offerings. Through local partnerships and decades of industry expertise, the firm brings unique expertise and cost-cutting strategies to their clients.
“We are excited to have Cambridge Benefit Solutions join Alera Group and our local firm, Benefit Commerce Group in Scottsdale,” said Alan Levitz, CEO of Alera Group. “Don and Scott have known each other for many years. I believe their long standing relationship will make for a rapid and seamless integration.”
“As an Alera Group firm, we’ll be able to offer our clients more than ever before,” said Don Fechter, President of Cambridge Benefit Solutions. “The strength of national resources and power of local relationships will allow us to grow as an organization as we continue to serve our clients with excellence.”
“We are pleased to bring Cambridge Benefit Solutions into Alera Group,” said Scott Wood, Managing Partner and Principal of Benefit Commerce Group. “As Alera Group expands, we look for like-minded, quality benefits firms to join our ranks. With outstanding national collaboration throughout the Alera Group organization, Cambridge will continue to provide exceptional client experience and even greater resources for industry-leading solutions.”
Cambridge Benefit Solutions joins Alera Group through Benefit Commerce Group. Terms of the transaction were not disclosed.
About Alera Group
Based in Deerfield, IL, Alera Group’s over 2,000 employees serve thousands of clients nationally in employee benefits, property and casualty, retirement services 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.