Alliant snaps up multi-state acquisition

The purchase is expected to solidify the insurer’s presence in specific geographies

Alliant snaps up multi-state acquisition

Insurance News

By Allie Sanchez

Diversified insurance provider Alliant Insurance Services has announced that it has reached an agreement to acquire Summit Insurance Resource Group.

Terms of the deal were not disclosed.

An Orange County Business Journal report said that Alliant undertook the acquisition to expand its footprint specifically in the northern Idaho and eastern Washington regions.

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Idaho-based Summit will be absorbed as part of Alliant Americas, which provides the middle market with insurance products and services that are tailored to their unique, geographically determined requirements.

Summit proprietor Angela Oakes and the rest of her staff will join the Alliant ranks and continue to serve clients out of the company’s Sandpoint offices.

Alliant grew 53% on the back of $883 million sales for the 12 month period ending June 30, compared with its previous fiscal year.

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