National insurance and wealth management firm Alera Group has announced the acquisition of Risk Consulting Partners (RCP), a company that specializes in working with private equity firms to assess risk exposures across all companies in their portfolios. The acquisition expands Alera Group’s reach in private equity and executive risk.
With specialties in property and casualty, employee benefits, life insurance, risk management and succession planning, RCP serves businesses with between $25 million and $1 billion in revenue. The business serves companies, family offices and private equity firms in more than 20 different industries, including healthcare, construction and real estate, and manufacturing. It has three offices, located in Chicago, Dallas and St. Louis.