Private equity-backed Alliant Insurance Services has purchased a health insurance agency located in Friendswood, Texas. The target, Highpoint Insurance Group, has 44 employees on staff.
Alliant Insurance Services is a Newport Beach, California-based distributor of diversified insurance products and services. Alliant’s largest backer is the private equity firm Stone Point Capital, which has been Alliant’s largest institutional investor since June 2015.
Highpoint Insurance Group will operate as Alliant following the acquisition. MarshBerry served as financial advisor to Highpoint for the transaction. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 23rd Managed Care acquisition of the year. Deal totals in the sector match last year’s activity, when 23 Managed Care deals were announced between January 1, 2024, and November 11, 2024. Throughout all of 2024, 27 Managed Care transactions were reported.
