Investment House Buying Alliant Insurance Services

Kohlberg Kravis Roberts & Co. announced on Monday that it has reached an agreement to acquire Alliant Insurance Services, specialty insurance brokerage firm based in Newport Beach, Calif. Terms of the transaction were not disclosed."We are pleased to be partnering with KKR and appreciate the positive role that private capital can play in helping us manage our business and execute a growth strategy," stated Alliant Chairman and Chief Executive Officer Tom Corbett. "This transaction will enable Alliant to remain independent and maintain its market leading position.”The management team ...