National insurance and wealth management firm Alera Group has announced the acquisition of Risk Consulting Partners (RCP), a company that specializes in working with private equity firms to assess risk exposures across all companies in their portfolios. The acquisition expands Alera Group’s reach in private equity and executive risk.
With specialties in property and casualty, employee benefits, life insurance, risk management and succession planning, RCP serves businesses with between $25 million and $1 billion in revenue. The business serves companies, family offices and private equity firms in more than 20 different industries, including healthcare, construction and real estate, and manufacturing. It has three offices, located in Chicago, Dallas and St. Louis.
“RCP’s knowledge and resources help formulate effective and creative plans to guard both businesses and personal assets,” said Heather Gardere, CEO and chief growth officer of RCP. “We help PE firms and other upper-middle-market companies identify, understand and manage risks to achieve their long-term projects and goals through a unique process that can be quickly scaled across a larger platform with minimal captive investment. With Alera Group, we look forward to offering our services to a wider audience.”
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“Risk Consulting Partners’ relationship-focused, team-centered and disciplined approach makes it the perfect fit for Alera Group,” said Alan Levitz, CEO of Alera Group. “The firm is dedicated to exceeding client expectations by providing exceptional, creative and sustainable solutions while also being at the forefront of thought leadership, employee empowerment and technology.”
RCP employees will continue serving in their existing roles.