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Alera Group has acquired Risk Consulting Partners LLC, a St. Louis-based broker, in a move expanding its private equity and executive risk expertise.
Terms of the transaction were not disclosed.
RCP, with 46 employees, provides property/casualty, employee benefits, life insurance, risk management and succession planning to businesses with $25 million to $1 billion in revenue, Alera said in a statement Thursday.
RCP has offices in Chicago and Dallas, in addition to St. Louis. It designs risk management programs for private equity firms and other companies in more than 20 industries, including health care, construction, real estate and manufacturing.
Deerfield, Illinois-based Alera is the 17th largest brokerage of U.S. business, according to Business Insurance’s most recent ranking.