Broker Alliant Insurance Services acquired Harbor Group Consulting, a national firm that handles insurance advisory services for commercial real estate loans.

Neither side is disclosing financial terms.

Plans call for having the entire Harbor Group management team and staff join Alliant and continue to service clients from Harbor’s Miami headquarters.

Alliant views the Harbor Group acquisition as adding a number of new resources and capabilities to its risk and insurance platform. Founded in 1995, Harbor Group’s capabilities cover a broad range of financial transactions, including commercial real estate loans, mezzanine and commercial mortgage-backed securities. The 65-person Harbor Group team also has extensive expertise advising on mergers and acquisitions, business development company investments, and various other corporate finance transactions.

To date, Harbor Group has advised on more than 100,000 transactions in 25 countries and has analyzed more than $1 trillion of real estate, according to the deal announcement. Its team includes an experienced cadre of lawyers, underwriters, claims analysts and other credentialed risk management professionals. Harbor Group represents more than 120 domestic and international financial institutions across multiple lines of business.

Alliant, based in Newport Beach, Calif., is a broker that provides property/casualty and employee benefits products and services to clients globally, with a focus on construction, public entities, tribal nations, financial institutions, healthcare, energy, law firms, real estate and other industry groups.

Source: Alliant, Harbor Group Consulting