MarshBerry Advises Kaplansky Insurance Agency on their Acquisition by Alera Group
Woodmere, OH – MarshBerry, a leading investment banking and consulting firm serving the insurance distribution and wealth management industries, is pleased to have advised Kaplansky Insurance Agency (Kaplansky) on their sale to Alera Group (Alera). The transaction closed on January 2, 2025.
Based in Needham, MA, and founded in 1974, Kaplansky has grown into one of the largest privately-held insurance agencies in the Northeast. Over the last 50 years, Kaplansky has completed 53 acquisitions, expanded into 18 locations across Massachusetts and Rhode Island, and has welcomed over 50,000 clients. This partnership adds to Alera’s property and casualty offerings in the Northeast, with over 100 qualified and capable agents.
“Kaplansky Insurance has built a strong reputation for excellence, and their partnership with Alera marks an exciting new chapter of growth and opportunity,” said Phil Trem, MarshBerry President – Financial Advisory. “We are proud to have advised Kaplansky throughout this process, ensuring they found the right partner to support their long-term vision while continuing to deliver exceptional service to their clients.”
Terms of the transaction were not disclosed.
MarshBerry remains the number one sell side advisor for insurance agencies and brokerages and retains its position as the industry leader for total number of clients advised. Since 1999, MarshBerry has advised on approximately 25% of the total tracked deal flow in the insurance distribution industry during this period as reported by S&P Global Market Intelligence.
MarshBerry – Helping Clients Learn, Improve & Realize Value
MarshBerry is a global leader in financial services and consulting dedicated to helping insurance brokerages, and firms in the wealth management industry, achieve sustained growth and value for every stage of ownership. With a legacy spanning over 40 years, MarshBerry offers an extensive suite of services, including Investment Banking (Merger & Acquisition Advisory; Capital Raising), Financial Consulting (Strategic Planning; Valuations; Perpetuation Planning), Organic Growth Consulting (Leadership, Sales & Talent Solutions), Executive Peer Exchange, Agency Network and Market Intelligence and Performance Benchmarking. For more information, visit www.MarshBerry.com.
About Kaplansky Insurance
Founded in 1974, Kaplansky Insurance is a leading independent insurance agency providing personal and commercial insurance solutions across New England. With a commitment to exceptional service, industry expertise, and client-focused solutions, Kaplansky has grown through strategic acquisitions and organic expansion. Recognized as a top-performing agency, Kaplansky Insurance continues to uphold its reputation for reliability, professionalism, and dedication to protecting what matters most to its clients. For more information, visit Kaplansky.com.
Investment banking services in the USA offered through MarshBerry Capital, LLC, Member FINRA and SIPC, and an affiliate of Marsh, Berry & Company, LLC, 28601 Chagrin Blvd, Suite 400, Woodmere, OH 44122 (440) 354-3230.
