Overview of Transaction

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• 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

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• 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

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• 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.