Schwartz & Co. Advises Phil Klein Insurance Agency In Its Sale to Alera Group
Transaction
Schwartz & Co. is pleased to announce that Phil Klein Insurance Group (“PKIG”) has been acquired by Alera Group (“Alera”). Terms of the transaction were not disclosed. Schwartz & Co. acted as the exclusive investment banking advisor to PKIG in this transaction.
Headquartered in West Bloomfield, Michigan, PKIG is an independent insurance agency providing personal and commercial insurance solutions to individuals and businesses. Agency principal Phil Klein will remain in his role at PKIG. PKIG will work closely with Lighthouse Group, an Alera Group Company headquartered in Grand Rapids, to accelerate growth and further penetrate Southeast Michigan.
PKIG is an independent insurance agency providing personal and commercial insurance and employee benefits solutions to individuals and businesses.
Alera Group is an independent, national insurance and wealth management firm with more than $900 million in annual revenue, offering comprehensive employee benefits, property and casualty insurance, retirement services and wealth management solutions to clients nationwide. By working collaboratively across specialties and geographies, Alera Group’s team of more than 3,000 professionals in more than 120 offices provides creative, competitive services that help ensure a client’s business and personal success.
