SOURCE: Alliant Insurance Services

Alliant Insurance Services

January 19, 2010 08:00 ET

Alliant Insurance Services Announces Acquisition of Northern California Benefits Consulting Firm AVI Services

20-Year-Old Company Based in Chico Serves Diverse Clients in Both Private and Public Sectors

NEWPORT BEACH, CA--(Marketwire - January 19, 2010) - Alliant Insurance Services, the nation's largest specialty insurance brokerage firm, has acquired Almond Valley Insurance (AVI) Services, Inc., a regional employee benefits firm based in Chico, Calif., that serves a growing and diverse clientele in both the private and public sectors. Headed by company founder and President Steven G. Trott, 20-year-old AVI Services offers a full range of employee benefits services and has recently expanded into property and casualty brokerage.

"AVI represents a great strategic acquisition by Alliant Insurance Services that enables us to expand our existing presence in Northern California," stated Tom Corbett, Alliant Chairman and CEO. "The synergies with our local property and casualty initiative further contributed to our mutual interest. AVI's balance of commercial, tribal, and public entity is complementary to our existing presence in the area. Steve Trott's business model has been built on highly personal service and the delivery of the best benefits services at the lowest possible cost -- which matches Alliant's own business philosophy."

Trott said his company's acquisition by Alliant Insurance Services will provide it with greatly expanded resources that will enable his team to better serve its clients and expand its market geographically. AVI will begin operating under the Alliant brand immediately.

"Not only does the AVI team gain access to Alliant's extensive benefits and insurance expertise, cost-saving proprietary programs, and broad range of specialized services," Trott noted, "Alliant's size, nationwide client base, and extensive market relationships provide us with the leverage to negotiate the best possible rates and terms for our clients."

Trott emphasized that while it is being acquired by a national leader in insurance brokerage, his team will remain headquartered in Chico and "will provide the same responsive, personalized service AVI clients have come to expect."

Terms of the transaction were not disclosed.

About Alliant Insurance Services

Headquartered in Newport Beach, Calif., 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 15,000 specialized 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:

Contact Information

    Lynda Lane
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    Director, Business Relations and
    Corporate Communications
    (949) 260-5050
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