Genstar-backed Alera confirms Propel merger
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Genstar-backed Alera confirms Propel merger

alera propel deal .jpg

Alera and Propel have confirmed they will merge in an early example of consolidation between private equity-backed retail brokers.

The transaction, which would create a business with around $275mn of Ebitda, had been revealed by Inside P&C earlier this week.

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