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Alera Group
Alera Group is a national insurance and wealth management firm formed in 2016 by Alan Levitz through the merger of 24 independent agencies.
Alera Group
Founded in 2016 and headquartered in Deerfield, Illinois, Alera Group was formed through the simultaneous merger of 24 independent insurance and wealth management firms. CEO Alan Levitz orchestrated the combination to create a national employee benefits, property and casualty, risk management, and wealth services platform that retained the local market relationships of each founding agency. The firm operates across four primary disciplines: employee benefits, property and casualty insurance, risk management, and wealth management. Alera deploys capital through organic growth and an ongoing acquisition strategy, completing more than 200 transactions since inception. Its geographic footprint covers all 50 US states through a network of local offices. The firm places over $10 billion in annual premiums, working with carriers like Aetna, Cigna, Blue Cross Blue Shield, and Liberty Mutual. Alera employs more than 4,000 professionals operating from locations nationwide. The firm is backed by private equity sponsor Genstar Capital, which invested in 2019 and supports Alera's acquisition pipeline. Since that investment, Alera has continued consolidating independent brokerages across the US, making it one of the larger privately held insurance brokerage platforms in the country. Unlike publicly traded insurance brokers, Alera operates a partnership model where acquired agency principals typically retain equity and maintain significant operating autonomy. This hybrid structure combines national carrier access and capital markets backing with the entrepreneurial incentives of independent agencies — a structural approach designed to avoid the culture erosion that often follows brokerage consolidation.
General information
Firm type
Asset Manager
Year founded
2016
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Deerfield
Corporate office
Deerfield, IL, United States
Principals
Alan Levitz
CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Alera Group?
Alera Group is an insurance brokerage and consulting firm, not an asset allocator in the institutional sense. The firm advises clients on insurance placement and employee benefits, while its wealth management division provides financial advisory services. Strategic decisions and capital deployment for acquisitions are led by CEO Alan Levitz and the executive team, with oversight from private equity sponsor Genstar Capital.
How does Alera Group source its acquisition targets?
Alera identifies independent insurance agencies and wealth management firms across the US that want access to a national platform while maintaining operational independence. Target firms typically have strong local client relationships in employee benefits, property and casualty, or retirement plan advisory. The partnership model offers principals retained equity and autonomy, which serves as the primary recruitment and sourcing channel.
Is Alera Group structured as a family office?
No. Alera Group is a private equity-backed insurance brokerage and wealth management platform. Genstar Capital has been the primary institutional investor since 2019. The firm does not operate as a family office or single-family investment vehicle.
What is Alera Group's acquisition pace?
Alera has completed more than 200 acquisitions since its 2016 formation, according to public record and industry reporting. The firm pursues a strategy of consolidating independent agencies into its national platform, with transaction volume varying by year based on market conditions and pipeline development.
How does Alera Group's structure differ from publicly traded insurance brokers?
Alera operates a partnership model where acquired agency principals typically retain equity in the combined entity and maintain significant day-to-day autonomy. Publicly traded brokers like Marsh or Aon centralize operations more thoroughly and offer acquired principals mostly cash or restricted stock. Alera's structure aims to preserve the entrepreneurial culture of independent agencies while providing national resources and carrier access.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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