NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Alliant continues to expand its employee benefits footprint in the Northwest with its acquisition of the Hecht Group. The Portland-OR company brings three generations of regional leadership and a versatile combination of employee benefits, financial planning, and insurance expertise under the Alliant banner. The Hecht Group will join Alliant Employee Benefits, the company’s national benefits consulting practice.
“This partnership will support the continued growth of Alliant Employee Benefits and further expand our offerings to businesses and individuals both in Portland and nationwide,” said Tom Corbett, Chairman and CEO of Alliant.
The family-owned Hecht Group has a history reaching back to 1968, and has grown to become one of Portland’s most influential benefits leaders.
“In a changing benefits landscape, the Hecht Group has consistently provided clients throughout the Northwest with strategic solutions that reduce costs and improve business outcomes,” said Kevin Overbey, Senior Executive Vice President and Senior Managing Director, Alliant Employee Benefits.
The Hecht Group has employed an innovative and multidisciplinary approach to cost containment built on four core benefits strategies: self-funded medical plans, on-site medical clinics, pass-through prescription drug benefits, and an online bidding platform. In addition to its extensive employee benefits offerings, the Hecht Group also offers business succession and continuity planning, estate planning, and insurance services.
“Since our founding, the Hecht Group has helped its clients advance through a commitment to delivering cutting-edge, results-driven employee benefits and insurance strategies,” said company President Tricia Hecht-Glad. “Alliant Employee Benefits, with its national reach, deep resources, and proven commitment to service, will further solidify this commitment and help us expand our reach and service offerings going forward.”
Hecht-Glad, along with the Hecht Group’s management team and staff, will join Alliant and will continue to service clients from its headquarters in Portland. Terms of the agreement were not disclosed.
About Alliant Employee Benefits
Alliant Employee Benefits delivers value-rich benefits programs tailored to meet the ever-changing needs of today’s organizations. With a presence in every major U.S. market, we work intimately with our clients to assess their needs, take a pulse of the marketplace, and deliver customized plans and consulting services. Our broad arsenal of capabilities includes employee engagement, plan negotiation, benefits administration, analytics, health and wellness, compliance, and all other aspects of benefits planning and administration.
About Alliant Insurance Services
Headquartered in Newport Beach, CA, Alliant Insurance Services, Inc. is one of the largest insurance brokerage firms in the United States and has a history dating back to 1925. Alliant provides property and casualty, workers’ compensation, employee benefits, surety, and financial products and services to more than 26,000 clients nationwide, including public entities, tribal nations, healthcare, energy, law firms, real estate, construction, and other industry groups. More information is available on the company’s web site at www.alliant.com.