Alliant Resources Group Acquires Mich.-based Kelter-Thorner

February 4, 2002

Adding a key Midwestern component to its national operations, Alliant Resources Group, Inc. (Alliant), announced the acquisition of Michigan-based Kelter-Thorner, Inc. (KT), a full-service property and casualty agency specializing in lawyers’ professional liability and real estate industry insurance coverage.

Alliant has pursued a national acquisition strategy since the company’s incorporation in 1999. Prior to KT, Alliant acquired San Diego-based Robert F. Driver Co., Inc., one of the oldest and largest independent brokerage firms in California. Driver joined Alliant in June of 2001 to anchor Alliant’s West Coast region.

Headquartered in Birmingham, Mich., with offices in Chicago, KT, founded in 1930, is the largest independent insurance brokerage firm in Michigan.

A full-service property and casualty agency with a specialty focus on the legal profession and real estate industry, KT posted revenues of $12 million in 2001.

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