DEERFIELD, ILL. — Alera Group, one of the nation’s leading employee benefits, property and casualty, retirement services and wealth management firms, today announced that it has acquired Todd Associates, Inc. (Todd Associates), effective December 1, 2020.
Todd Associates, founded in 1939 and operated by Ned Hyland since 1978, is headquartered in Beachwood, Ohio, and has an office in Port St. Lucie, Florida. As an award-winning agency, Todd Associates seeks to provide high-level service and solutions to businesses and business owners throughout the United States. The firm provides property & casualty, professional and management liability and employee benefits solutions, with specific expertise in financial institutions, public entities, construction and real estate.
“Todd Associates is an excellent addition to Alera Group. We are proud to welcome them as the latest firm to join Alera Group and our culture of collaboration,” said Alan Levitz, CEO of Alera Group. “Their team of industry experts and presence in the Midwest and Florida will continue to expand our ability to serve our clients’ needs with respect to both property and casualty and employee benefits. We look forward to working and growing together.”
“Becoming an Alera Group company is the next right step for our company and our clients, propelling us towards future growth and collaborative success,” said David Souders, Managing Partner of Todd Associates. “We look forward to working with other Alera Group firms in Ohio, Florida and across the United States as we seek to further enhance our client offerings and services.”
The Todd Associates team will continue serving clients in their existing roles. Terms of the transaction were not announced.