Alliant Insurance Services, a specialty insurance brokerage firm based in Newport Beach, California, has acquired American Benefits Consulting (ABC), an employee benefits consulting firm in New York. Terms of the transaction were not disclosed.
Alliant said the acquisition marks the continued expansion of Alliant’s employee benefits footprint within the Northeast region. In 2014, Alliant acquired Sagewell Partners of Pittsburgh and The Camps Group of New York. Alliant said it is seeking additional acquisition opportunities for both its employee benefits and property/casualty business in markets throughout the U.S.
Alliant said ABC’s executive team, client services team, and business development team will remain in place following the acquisition. ABC is headed by Peter Worth, who joins Alliant as vice chairman, Employee Benefits. The four additional principals, Eric Levy, Craig Guiffre, Jeffrey Jones, and Paul Connolly, will join Alliant as senior vice presidents, Employee Benefits.
Founded in 1979, ABC provides employee benefits consulting services across four business segments: voluntary benefits, group insurance, executive benefits, and international benefits. ABC has approximately 50 employees and offices in New York and Pennsylvania.
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