Beecher Carlson, a commercial insurance brokerage firm, has announced the acquisition of Alliance Insurance Group.
The acquisition will support Beecher Carlson’s plan to partner with firms where there is strategic alignment in specialization and expansion of geographic reach in high-growth areas of the country. Alliance Insurance Group’s long-term presence in the Southwest region and their commitment to delivering highly specialized products and services aligns with Beecher Carlson’s industry and product resource model.
The transaction will allow Alliance Insurance Group to leverage the national resources and technical expertise of Beecher Carlson. The specific financial terms of the transaction were not disclosed.
Alliance Insurance Group is led by Guy Labelle, one of the original founders and current chairman of the company and Frank Beranek, president and COO. Mr Beranek will remain with the firm and continue to conduct business as Alliance Insurance Group from its existing Phoenix location. Mr Labelle will serve as a consultant for the company until retirement.
Mr Beranek said: Alignment with Beecher Carlson will allow us to deliver to our clients a greater array of solutions, like wrap-ups, captives and other alternative risk transfer solutions where Beecher Carlson has proven expertise and demonstrated success.