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Alliant acquires Oregon brokerage

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Alliant Insurance Services Inc. has acquired brokerage Hecht & Hecht Insurance Agency Inc., Alliant said in a statement Monday.

Terms of the transaction were not disclosed.

Portland, Oregon-based Hecht & Hecht specializes in vehicle dealer insurance and bonds, the statement said. Management and staff of the 44-year-old, family-owned business will join Newport Beach, California-based Alliant.

Alliant acquired Hecht’s employee benefits arm in 2016, the statement said.

“The Northwest has been an area of considerable growth for Alliant, and we expect this trend to continue,” Tom Corbett, chairman and CEO of Alliant, said in the statement.

Alliant is the 7th-largest broker of U.S. business, according to Business Insurance’s latest ranking.