Alera Group Acquires New York-Based International Broker Foa & Son

Alera Group reports it has acquired Foa & Son, an international insurance broker based in New York City.

Terms were not disclosed.

Founded in 1861, Foa & Son maintains commercial practice groups in multinational clients, food and beverage, real estate and construction, hospitality, supply chain, fine art and specie, manufacturers and distributors, professional service firms, not-for-profit, automotive, life science, technology and municipalities. In addition, Foa & Son provides private insurance advisory and corporate benefits consulting services.

Foa & Son said its employees and management will continue in their existing roles.

Alera Group, which has 130 offices throughout the U.S., said it looks forward to partnering with Foa & Son’s broker relationships outside of the U.S.

Alera Group is an independent, national insurance services firm with more than $850 million in annual revenue, offering employee benefits, property/casualty, retirement plan services nationwide.