Deerfield, IL (February 23, 2023) — Alera Group, a top independent national insurance and wealth services firm, today announced the acquisition of PEO Spectrum, an HR specialist that provides the country's first professional employer organization (PEO) comparison service.
“PEO Spectrum partners with small businesses to help them identify, assess and ultimately choose the best PEO for their employees,” said Alan Levitz, CEO of Alera Group. “The firm is committed to serving clients with transparency, speed and integrity and their deep industry expertise makes them an exciting addition to Alera Group.”
Founded in 2009, PEO Spectrum helps companies identify, evaluate, select, negotiate, implement and support PEO solutions. They offer a custom-built analysis to assist clients in shopping and comparing PEOs for free, as well as lowering their PEO costs without sacrificing services or perks. The firm provides its services to small and medium sized businesses across various industries, including technology, professional services, non-profit, manufacturing and government contractors.
“At PEO Spectrum, we are excited to strengthen our ability to deliver value for customers” said Thomas Farrell, Founder & CEO of PEO Spectrum. “With Alera Group’s national insurance capabilities, we now offer substantially more options to our customers and can seamlessly compare PEOs and non-PEO solutions. Whether employers are just starting out or need to reassess their current HR needs, we save them time and money by providing rapid access to data, analytics and full-on expert support.”
The PEO Spectrum team will continue serving clients in their existing roles. Terms of the transaction were not announced.
About Alera Group
Alera Group is an independent, national insurance and wealth services firm with more than $1 billion in annual revenue, offering comprehensive employee benefits, property and casualty insurance, retirement plan services and wealth services solutions to clients nationwide. By working collaboratively across specialties and geographies, Alera Group’s team of more than 4,000 professionals in more than 180 offices provides creative, competitive services that help ensure a client’s business and personal success. For more information, visit https://aleragroup.com/ or follow us on LinkedIn.