Alera Group has acquired Ohio-based employee benefits firm Bailey & Company Benefits Group for an undisclosed term.
Alera stated that Bailey & Company is a Cincinnati, Ohio-based firm that specializes in a wide range of employee benefit programs. The company helps its clients which range from mid-sized privately held businesses to publicly traded companies, to maximize the return on their employee benefits investments.
Alera Group CEO Alan Levitz said: “We are excited to welcome Bailey & Company to Alera Group. Grant and his team are a terrific addition, bringing significant expertise to our national platform.
“This is a great opportunity for us to enhance the client experience both by tapping into Bailey & Company’s expertise and by adding Alera Group’s resources to Bailey & Company’s practice.
“Their firm’s dynamic teamwork and professionalism is an excellent fit for our collaborative national culture.”
Bailey & Company’s teams specialize in benefit plan areas such as health plans, HSA’s, HRA’s, FSA’s, pharmacy benefit managers (PBM’s), medicare advantage plans, dental plans, group life plans, disability programs, long term care insurance, voluntary benefits , fully insured programs, self-insured programs, captive insurance arrangements, wellness programs, employee assistance plans, claims audits, merger & acquisition analysis, retiree benefits, executive benefits, data warehousing & analytics, employee communication & education and private exchanges.
Bailey stated that after the acquisition, as an Alera Group company, it will gain access to services, resources, technical expertise and best practices of a large firm. The company further said that it will have an advantageous position as its local relationships and knowledge of regional characteristics, can help in maximizing return on their employee benefits investment.
Bailey & Company managing partner Grant Bailey said: “We are excited to be an Alera Group company. As part of this remarkable organization, we are even better equipped to meet our clients’ needs with world-class resources, expertise, and technology.
“We look forward to our collaborative growth together as we continue to develop unique benefits strategies for all of our clients.”