Kaplansky Insurance coverage Reportedly Acquired by Alera Group

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The Hales Report, a number one insurance coverage trade publication that gives complete evaluation and insights into the insurance coverage brokerage sector, reported in its January 6, 2025, version that Alera Group acquired Needham-based Kaplansky Insurance coverage on December 31, 2024. As of publication, neither celebration had publicly introduced the transaction.

Kaplansky Insurance coverage Historical past & Progress

Based in 1974 by Ely Kaplansky, the company has grown from a single workplace to develop into one of many largest impartial insurance coverage businesses in Massachusetts by way of a strategic enlargement program that included 47 acquisitions. The company at present operates 17 areas all through Massachusetts and Rhode Island, serving over 40,000 shoppers.

Ely Kaplansky constructed the company by way of natural development and strategic acquisitions, specializing in sustaining robust native relationships whereas increasing the agency’s geographical footprint. Total, the Needham-based company has acquired roughly 48 other independent insurance agencies in Massachusetts throughout its 5 many years in enterprise.

The company additionally has earned a number of trade accolades, together with “5 Star” and “Greatest Practices” awards, and has been acknowledged by Inc. Journal for inclusion in its “5000 Quickest-Rising Non-public Corporations in America.”

Beneath Kaplansky’s management, the company has developed a powerful status for personalised service and deep native market experience, significantly in japanese and central Massachusetts.

About Alera Group

The reported acquisition by Alera Group would add Kaplansky Insurance coverage to one of many nation’s main impartial insurance coverage and wealth administration companies. Alera Group shaped by way of the simultaneous merger of 24 impartial businesses in 2017, has grown to develop into the eleventh largest privately-held insurance coverage agency in the USA. The corporate manages roughly $45 billion in retirement and wealth property whereas producing annual revenues exceeding $1.4 billion.

Beneath its enterprise mannequin, Alera Group usually permits acquired businesses to keep up native autonomy whereas accessing the sources and capabilities of a nationwide group. The agency operates from greater than 180 areas nationwide, with a group of over 4,400 professionals.