Alera Group Acquires Austin & Co., Inc.
Deerfield, IL — Alera Group announced its acquisition of Austin & Co., Inc. (Austin & Co.), effective July 1, 2019. The firm expands Alera Group’s employee benefits and property & casualty expertise. Terms of the transaction were not disclosed.
Austin & Co., located in Albany, New York, has served clients throughout the Northeast for more than 165 years. Their service offerings include employee benefits, commercial and business insurance, and HR consulting services. Austin & Co. has a particular emphasis in designing unique program offerings for the education community.
“Austin & Co. is an exciting addition to Alera Group. The management team has a great deal of experience and expertise and will be welcome partners within our collaborative culture,” said Alan Levitz, CEO of Alera Group. “Their local reputation as an outstanding firm immediately adds to our presence in the northeast and brings additional regional and national capabilities, elevating the Alera Group client experience.”
“Joining Alera Group is a thrilling opportunity for our firm as we continuously strive to serve our clients with the industry’s leading solutions and expertise,” said James Sidford, President of Austin & Co. “The collaborative culture of Alera Group will allow us to continue to exceed our clients’ expectations, while growing and strengthening the deep relationships we have in our local community.”
All Austin & Co. employees will continue operating out of the firm’s existing locations under the name Austin & Co., an Alera Group Company, LLC.