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Alera Group announces acquisition of Advanced Capital Group to expand Retirement and Wealth Services

PRIVATESep 05, 2024•almost 2 years ago

Acquiring Company

Alera Group

Acquired Company

Advanced Capital Group

DeerfieldMinneapolisProfessional ServicesSoftwareInsuranceFinancial ServicesEmployee BenefitsNon Profit

Description

Alera Group, a top national insurance and financial services firm, has announced the acquisition of Minnesota-based Advanced Capital Group (ACG). This acquisition adds $24 billion in retirement plan and wealth assets, reinforcing Alera Group's commitment to growing in the Retirement and Wealth space and delivering unparalleled service to plan-sponsor clients in support of their employees’ financial futures.

Company Information

Company

Alera Group

Location

3 Parkway North

Deerfield, Illinois, United States

About

Alera Group is an independent, national insurance and wealth services firm with more than $980 million in annual revenue, offering comprehensive employee benefits, property and casualty insurance, retirement plan services and wealth services solutions to clients nationwide. By working collaboratively across specialties and geographies, Alera Group’s team of more than 3,500 professionals in more than 130 offices provides creative, competitive services that help ensure a client’s business and personal success.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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