Alera Group has acquired FNL Insurance Group – an insurance company that serves the Baltimore, MD region.
The transaction became effective August 01, 2020. FNL Insurance Group will join Alera through Silberstein Insurance Group (SIG), an Alera Group company. The FNL team will continue serving their current clients in their existing roles.
Terms of the transaction were not disclosed.
FNL Insurance Group has been in business for more than 40 years, providing clients with employee benefit and healthcare insurance needs. Based in Timonium, MD, the company partners with small and mid-sized employers to develop sustainable benefits programs.
“We are delighted to welcome Frank Lotman and the FNL Insurance team to Alera Group,” said Alera Group CEO Alan Levitz. “As part of our collaborative organization, the FNL Insurance team will help us to continue to elevate the client experience throughout the Baltimore area and the mid-Atlantic region.”
“FNL Insurance Group is very excited to become an Alera Group company,” commented FNL Insurance Group president Frank Lotman, who added that his team looks forward to the expanded resources it has access to as part of the Alera Group, as well as the potential for further growth.
Read more: Alera Group snaps up Chicagoland agency
This is Alera Group’s third employee benefits-related acquisition this month. The firm previously acquired Alper Services in Chicago, IL and JDM Benefits in White Plains, NY.