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HR Benefit Advisors Acquired by Alera Group

Overview of Transaction

  • 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

  • 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.

Sica | Fletcher's Role

  • 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.

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