Alera Group has acquired Barkley Risk Management & Insurance (Barkley) in California for an undisclosed sum.
Founded in 2000, Barkley offers a range of services such as safety and risk management, claims management, business and insurance risk for its clients in California.
The acquisition is expected to strengthen the agriculture vertical of Alera Group. It will enable the company to expand its footprint into coastal California.
Commenting on the deal, Alera Group CEO Alan Levitz said: “Barkley Risk Management is a strong addition to Alera Group, and we are excited to welcome them as the latest addition our growing firm”
Barkley Risk Management & Insurance president Griffin Barkley said: “We are excited to join Alera Group, and look forward to the powerful impact of national resources, expertise and partnership.
“Barkley Risk Management is committed to active partnership with every client, designing comprehensive, innovative solutions for their unique needs. As an Alera Group company, we’ll be able to do that more than ever before.”
Illinois-based Alera Group offers employee benefits, property and casualty, retirement services as well as wealth management services.
In July 2018, the company acquired a controlling interest in The Insurance Alliance of Central Pennsylvania (The Alliance), which operates as an independent insurance agency.