Alera Group said Tuesday it has bought Foa & Son Corp., a brand new York-based brokerage that places commercial retail, benefits and private lines business.
Terms were not disclosed.
According to Business Insurance's 2022 Directory of Agents and Brokers, Foa reported $29.6 million in brokerage revenue in 2022, the latest year for which figures are available. The company, which was founded in 1861, has about 90 employees.
Alera may be the 17th largest brokerage of U.S. business, based on BI's most recent ranking.
