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Alera buys California brokerage


Alera Group said Friday that it has acquired Legacy Risk and Insurance Services LLC.

Terms of the transaction were not disclosed.

Walnut Creek, California-based Legacy Risk is a commercial property/casualty broker with a focus on real estate owners and developers, and construction, manufacturing, renewable energy and technology clients, Alera said in a statement.

Founded in 2012, Legacy Risk has about 30 employees who will continue serving clients in their existing roles.

Alera CEO Alan Levitz said the deal helps the broker expand its geographic footprint into the San Francisco Bay area.

Deerfield, Illinois-based Alera is the 17th largest brokerage of U.S. business, according to Business Insurance’s most recent ranking.

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