Shirazi Benefits joins 23 financial services firms to create the Alera Group

GREELEY — Shirazi Benefits, an independent insurance agency based in Greeley, has joined 23 other insurance and financial services companies across the United States to form Alera Group, an employee-benefits, property/casualty, risk-management and wealth-management firm with approximately $158 million in revenue.

Financial terms of the transaction were not disclosed.

The new firm, headquartered in Deerfield, Ill., has more than 750 employees serving more than 20,000 clients in 40 U.S.-based offices across 15 states. The merger marks the first time that 24 financial services firms have joined together as one.

Shirazi Benefits will continue to offer…