National insurance firm Alera Group has announced it has acquired HighRidge Insurance Services. The acquisition took effect May 1.
California-based HighRidge provides employee benefits services to clients throughout the state. The firm designs benefit and retirement plans with an emphasis on strategy consulting, Alera Group said.
“The HighRidge team brings powerful industry expertise to Alera Group, particularly as we grow our presence throughout California,” said Alan Levitz, CEO of Alera Group. “We continue to expand with new partners nationally, who align with our collaborative culture. We welcome the addition of HighRidge to the Alera Group team.”
Kevin Mencarelli, managing partner of HighRidge, commented: “We’re excited to become an Alera Group company, as it will provide many opportunities to partner with the leading firms in our industry. We look forward to exceeding our clients’ expectations with the vast resources of Alera Group, while continuing to maintain and strengthen our local relationships.”
HighRidge will join Alera Group through California firm Capital City Benefits & Insurance Services and will operate under that name, Alera Group said.