Specialty insurance brokers Alliant Insurance Services has acquired New York city-based T&H Group for an undisclosed sum.
T&H Group, which operated as Tanenbaum-Harber Co. until changing its name last year, was established in 1860 and primarily targets upper middle market clients throughout the eastern region of the country.
The brokerage employs 242 people nine offices in New York, New Jersey, Connecticut, Massachusetts, Pennsylvania, Maryland, Illinois, Florida and California. It specializes in construction and real estate, financial services and other industries.
T&H Group CEO Walter Harris will serve as vice chairman of Alliant and become a member of Alliant’s senior management team. Harris has been with T&H for more than 30 years, and the business has been led by his family for over 40 years.
Other key executive officers of T&H are Richard Ferrucci and Richard Fleder.
“The acquisition of such a well-established and highly respected insurance brokerage company as T&H Group represents tremendous opportunity for Alliant Insurance Services,” Alliant Chairman and CEO Tom Corbett said.
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Source: Alliant
Topics Mergers & Acquisitions Alliant
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