Alera Group Inc. said Thursday it's acquired Heritage Risk Management, a network of independent agencies that provide clients in Texas, Oklahoma, Colorado and New Mexico.
Terms from the transaction were not disclosed.
Heritage provides risk management expertise across various industries, including agriculture, banking, oil and gas, construction, transportation, professional services, technology, manufacturing, health care, medical negligence and employee benefits.
Lubbock, Texas-based Heritage has about 20 employees listed on its website. They will continue serving clients in their existing roles, Alera said.
Deerfield, Illinois-based Alera is the 17th-largest broker of U.S. business, based on the latest Business Insurance rankings, with 2022 revenue of $554 million.
