Alera Group, a leading financial services and risk management company, today announced the acquisition of Boston Benefit Partners (BPP), a health and welfare consulting and brokerage firm providing client insight, in-depth analysis, strategic planning and thoughtful execution of employee benefit plans.
“We continuously adapt to the needs of our clients by developing strategic solutions that address the unique challenges they face,” said Carol Chandor, Managing Director and Chief Executive Officer of BBP. “Our diverse client portfolio and long-term consulting relationships are a testament to the depth and breadth of our expertise and resources. Joining Alera Group will provide our clients with more resources and give our valued employees opportunities to collaborate with other accomplished Alera Group firms across the country.”
BBP is a customer-centric consulting firm founded by Carol Chandor, Piper McNealy and Kathryn Tolan. The company is recognized for its white-glove service model and data-driven approach to strategy and problem solving. Additionally, BBP is certified as a women-owned business through the Women’s Business Enterprise National Council (WBENC), the nation’s largest third-party certifier of businesses owned and operated by women.
“Boston Benefit Partners provides clients with data-driven technical expertise and strategic, creative solutions,” said Alan Levitz, CEO of Alera Group. “The client-oriented mission of Boston Benefit Partners aligns with Alera Group’s mission of transforming the client experience, making them a great addition to our team. We are thrilled to continue to expand our footprint and service capabilities in Massachusetts and look forward to the positive impact our collaborative culture will drive for our clients.”
The Boston Benefit Partners team will continue serving clients in their existing roles. Terms of the transaction were not announced.
About Alera Group
Alera Group is a leading financial services and risk management company with more than $600 million in annual revenue offering comprehensive employee benefits, property and casualty, retirement services and wealth management solutions to clients nationwide. By working collaboratively across specialties and geographies, Alera Group’s team of more than 2,000 professionals in more than 100 offices provides creative, competitive services that help ensure a client’s business and personal success. For more information, visit www.aleragroup.com or follow us on LinkedIn or Twitter.