MarshBerry Congratulates Aldrich Benefits LP On Their Sale To Alliant Insurance Services

February 12, 2024

Woodmere, OH, February 12, 2024 – MarshBerry, a leading investment banking and consulting firm serving the insurance distribution and wealth management industries, congratulates Alliant Insurance Services (Alliant) on their partnership with Aldrich Benefits LP (Aldrich), a member of the Aldrich group of companies. MarshBerry served as the exclusive financial advisor to Aldrich on the transaction which closed on December 31, 2023.

Based in Lake Oswego, Oregon, Aldrich provides a consultative approach to employee benefit plan risk management to companies on the West Coast. Aldrich established its employee benefits business in 2003, and today, it serves construction, manufacturing, healthcare, telecommunications, utilities, and professional services companies, among others. The benefits practice is known in the market for its expertise in managing clients’ complex benefits needs, strategic plan consulting, and client advocacy. The Aldrich companies will continue to provide financial, wealth, tax, and business transition strategies and services to its clients.

“MarshBerry proudly represented Aldrich on its sale to Alliant. This acquisition allows Alliant to expand their reach in Oregon and Vancouver, Washington,” said Phil Trem, MarshBerry President – Financial Advisory. “Our focus remains on creating synergies and sustained success for our clients in the dynamic landscape of insurance services.”

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 more than 1,300 merger & acquisition transactions which is 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

Founded in 1981, MarshBerry is a global leader in financial advisory and consulting services serving the insurance brokerage and wealth management industries to help clients grow and advance their business strategies. With locations across North America and Europe, MarshBerry market sector expertise includes property and casualty agents & brokers, employee benefit firms and specialty distributors, partners in insurtech, capital markets, and insurance carriers, as well as registered investment advisors, retirement planning and life insurance firms. Clients choose MarshBerry as their trusted advisor for every stage of ownership to help them build, enhance and sustain value through Financial Advisory solutions (Investment Banking; Merger & Acquisition Advisory, Debt & Capital Raising, Business Consulting), Growth Advisory solutions (Organic Growth, Aggregation, Leadership, Sales & Talent Solutions) and Market Intelligence and Performance Benchmarking. Learn more at www.MarshBerry.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.