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All Content Copyright 2019 - Sica | Fletcher LLC | 21 Green Avenue | Amityville, NY 11701

Alera Group Acquires Comprehensive Benefit Advisors

Sica | Fletcher guides Boston-based Comprehensive Benefit Advisors (CBA) in its sale to Alera Group

Overview of Transaction

  • Comprehensive Benefit Advisors (“CBA”) is a Boston-based employee benefits brokerage and advisory.

  • The Company combines traditional brokerage facilities with specialty services such as advocacy, administration, benefits expertise, and compliance through one source.

  • CBA provides customized benefits solutions for more than 500 companies and organizations.

  • Comprehensive Benefit Advisors agreed to be acquired by Alera Group, the 14th largest independent insurance agency in the country. ​ ​

 

Significance of Transaction

  • The CBA acquisition broadens Alera's reach in the New England and East Coast markets while strengthening its benefits offerings.

  • Alera’s national resources and extensive knowledge will provide Comprehensive Benefit Advisors with significant growth opportunities.

Sica | Fletchers' Role

  • Sica | Fletcher served as exclusive strategic and financial advisor to Comprehensive Benefit Advisors and explored multiple options for the firm.

  • This transaction further illustrates Sica | Fletcher's strong relationship with top-tier investors and track record of success in the benefits space.