Alera Group has acquired Fall River Employee Benefits, effective March 01, 2020.
Terms of the transaction were not disclosed.
Fall River is a benefits broker on the Colorado Front Range, which specializes in self-funding, compliance, and HR technology.
A release said that following the transaction, Fall River will join Alera Group through Benefit Commerce Group – an Alera Group company. The Fall River team will continue to serve clients in their current capacities.
“We are excited to welcome Fall River Employee Benefits to Alera Group,” said Alera Group CEO Alan Levitz. “Their continual pursuit of excellence makes them a fantastic fit for our organization, and we look forward to the synergy they will build with existing Alera Group firms throughout the region.”
“As an Alera Group company, we will continue to bring our clients the highly personalized service of a boutique brokerage, now combined with the unmatched resources and collaboration of a strong national organization,” commented Fall River CEO Kristen Russell. “By joining Alera Group, we are able to grow and bring even more tools and innovative ideas to better serve our clients.”