Genstar Capital’s Investment in Newly Formed Alera Group

Ropes & Gray represented Genstar Capital in its investment in Alera Group, a new national insurance brokerage and wealth management firm created from the merger of 24 independent employee benefits, property/casualty, risk management and wealth management firms.

Alera Group has 20,000 clients and $158 million in annual revenues, with 750 employees in 40 offices across 15 states, and is now the 14th largest privately held insurance firm and 7th largest privately held employee benefits firm in the United States.

Terms of the transaction, which was announced Jan. 4, were not disclosed.

The Ropes & Gray team was led by private equity partner Todd Boes (Picture) and included finance partner Michael Lee (Boston), tax partner Lee Allison (New York), private equity associates Brandon McGathy (San Francisco) and Richard Conklin (Boston), finance associate Brian Yoo (New York), and tax associate James Clegg (New York).

Involved fees earner: Todd Boes – Ropes & Gray; Brandon McGathy – Ropes & Gray; Richard Conklin – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Genstar Capital;


Author: Ambrogio Visconti