Alliant Insurance Services Announces Agreement to Acquire U.S. Retail Operations of Jardine Lloyd Thompson Group.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- Newport Beach, CA.-headquartered Alliant Insurance Services, Inc., the nation's second largest privately held commercial Insurance brokerage firm and 13th largest overall, today announced that it has signed a definitive purchase agreement to acquire the U.S. retail operations (JLT JLT Journal of Lie Theory JLT Jardine Lloyd Thompson Group PLC JLT Junior Leader Training (Boy Scouts of America) JLT Just Like That JLT Junior League of Toronto JLT Junior League of Tulsa JLT Junior League of Tampa USA) of London-based Jardine Lloyd Thompson Group In mathematics, the term Thompson group or Thompson's group can refer to either
JLT USA, headquartered in Houston, TX, is a leading specialist insurance brokerage firm with approximately $60 million in revenue. The acquired operations include highly skilled and talented teams which primarily specialize in the areas of employee benefits, energy and marine and healthcare. With approximately 240 employees, JLT USA also has offices in Atlanta, GA, Waterbury, CT, Dallas, TX, Chicago, IL and New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . "The purchase of JLT USA is an exciting opportunity for our company," said Tom Corbett For the science fiction hero, see . Tom Corbett is the current Attorney General of the state of Pennsylvania, United States, elected in 2004. He is a member of the Republican Party. , Alliant's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The JLT U.S. retail operations are quite specialized and truly complement our existing business. This acquisition increases not only our geographic span but, more importantly, enhances our position as the premier specialty broker in the U.S." JPMorgan acted as financial advisors and Weil, Gotshal & Manges acted as legal advisors to Alliant on the transaction. About Alliant Insurance Services Alliant Insurance is the second largest privately held insurance broker in the U.S. with annual revenues of approximately $225 million prior to this acquisition. Alliant focuses on the distribution of specialty-oriented products with leading market positions among public entities, Indian Nations, law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
With a history that dates back to 1925, Alliant Insurance Services has been delivering specialized risk solutions to its clients for more than 80 years. For more information about Alliant Insurance Services, please visit www.alliantinsurance.com. About Lindsay Goldberg & Bessemer Lindsay Goldberg & Bessemer (LGB Noun 1. LGB - a smart bomb that seeks the laser light reflected off of the target and uses it to correct its descent; "laser-guided bombs cannot be used in cloudy weather" laser-guided bomb ) is a New York-based investment partnership that invests primarily in privately held businesses. LGB has more than $5 billion of committed capital with a focus on acquiring well-managed businesses and actively helping to build long-term value. LGB is a trusted and experienced partner with a successful track record of investing across a wide range of industries and helping companies fully meet their long-term potential. For more information about Lindsay Goldberg & Bessemer, please visit www.lgblp.com. |
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