Alera Group, a leading national insurance firm, today announced its acquisition of Comprehensive Benefit Administrators (CBA), effective August 1, 2019. Terms of the transaction were not disclosed.
CBA, located in Norwell, Massachusetts, creates benefits programs that are focused on exceeding client expectations while minimizing costs. Their expertise in brokerage services, claims administration and enrollment allows them to design tailored benefit plans that deliver measurable results for their clients.
“We are excited to welcome Comprehensive Benefit Administrators to the Alera Group team, expanding our presence and expertise in New England,” said Alan Levitz, CEO of Alera Group. “Mike McKenna and the CBA team’s professionalism and industry expertise is an exciting enhancement of our existing solutions as we continue to enhance the client experience throughout the region and nationally.”
“Becoming an Alera Group company is a fantastic step for our firm as we continue to serve our clients with excellence,” said Michael McKenna, President of CBA. “We look forward to offering national resources to our clients alongside our powerful local relationships.”
All CBA employees will continue operating out of the firm’s existing locations under the name Comprehensive Benefit Administrators, 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
