Overview of Transaction

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• HR Benefit Advisors is an Employee Benefits consulting firm that helps midsize and large clients overcome their employee challenges and better manage their overall benefit costs.

• Based out of Rochester, NY, the company has experienced significant growth and change since opening in 1993 and expanded from a two-man shop to a full-service team of associates.

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

 

Significance of Transaction

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• The HR Benefit Advisors acquisition strengthens Alera Group's presence in the Northeast.

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

• HR Benefit Advisors leadership will remain with Alera Group as they continue their long history of serving the Northeast and maintaining strong relationships with their clients.

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Sica | Fletcher's Role

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• Sica | Fletcher served as exclusive strategic and financial advisor to HR Benefit Advisors. 

• HR Benefit Advisors engaged Sica | Fletcher to explore multiple strategic options for the firm.

• The HR Benefit Advisors transaction builds on Sica | Fletcher's track record of success across the Employee Benefits space.

• This transaction further highlights our strong relationships with top-tier investors, having previously worked with Alera Group on numerous deals.