Alera Group Acquires Capital Region Benefits
Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, announced that it has acquired Capital Region Benefits, effective November 1, 2019.
Capital Region Benefits, an independent insurance agency located in Camp Hill, Pennsylvania, has provided group benefit insurance services to Central Pennsylvania employers since 2004. Capital Region Benefits also provides health reimbursement arrangement (HRA) and COBRA administrative services to both employers and other broker partners and is the national third-party administrator for VBA, a Pittsburgh-based non-profit vision preferred provider organization that delivers cost contained group vision benefits.
“We are excited to welcome the Capital Region Benefits team, led by Diane Barber, to Alera Group,” said Alan Levitz, CEO of Alera Group. “The collaboration between Capital Regions and AIA is already well established. We look forward to these two firms continuing to grow together.”
“As an Alera Group company, we look forward to providing more tailored resources and tools to our clients as part of their benefit plans,” said Diane Barber, President of Capital Region Benefits. “The combination of Alera Group’s national scope and our powerful local relationships positions us for continued growth and success.”
Capital Region Benefits joins Alera Group through AIA, Alera Group. The Capital Region Benefits employees will continue serving clients in their current roles. Terms of the transaction were not disclosed.