Alera and Propel merge as consolidation of PE-backed broker platforms begins
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Alera and Propel merge as consolidation of PE-backed broker platforms begins

Adam McNestrie
September 06, 2021
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Top-20 retail broker Alera has struck a deal to merge with smaller peer Propel in a transaction that will create a business with ~$275mn of Ebitda, Inside P&C can reveal.

The transaction represents the first recent merger between private equity-backed retail broking platforms, and fulfils prior predictions from this publication that this kind of deal would start to emerge.

Sources

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Adam McNestrie
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