Alera Group, Inc. Acquires Lamb Benefits Division
Sica | Fletcher advises Lamb Benefits Division in its sale to Alera Group, Inc.
Overview of Transaction
Lamb Benefits Division is an employee benefits insurance operation located outside of Philadelphia in Conshohocken, PA. In addition to traditional employee benefits, LBD has extensive expertise in self-funded health plans.
LBD has a significant focus in the non-profit and social services space, serving clients throughout the Northeast.
Alera is an independent, national insurance and financial services firm created through the merger of like-minded, high-performing, entrepreneurial firms across the United States.
Significance of Transaction
The acquisition of LBD enhances Alera’s presence in the Philadelphia area while adding expertise with self-funded health plans and expanding the scope of services Alera offers.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to LBD and explored multiple options for the firm before partnering with Alera.
This transaction further elucidates Sica | Fletcher’s strong relationships with private equity firms and the brokerages they support.