Genstar-backed Alera moulded from 24 US brokerages

Alera Group announced its formation today as a brokerage created
from the combination of two dozen independent US firms with over
20,000 clients and operations in 15 states and with the financial
backing of private equity investor Genstar Capital.
Working from 40 offices from Connecticut to California,
Alera's components collectively produce $158mn in annual
revenue and employ more than 750 people, the company said. Terms of
the merger weren't disclosed.
CEO Alan Levitz said the combination was