KKR (KKR) to Acquire Alliant Insurance Services from Blackstone (BX)

November 23, 2012 9:08 AM EST
Kohlberg Kravis Roberts & Co. L.P. (NYSE: KKR) announced an agreement to acquire Alliant Insurance Services, Inc., the nation’s largest specialty insurance brokerage firm, from Blackstone (NYSE: BX).Terms of the transaction were not disclosed.

JP Morgan Chase and Blackstone Advisory Partners served as advisers to Blackstone and Alliant on the transaction. The transaction is expected to close in the fourth quarter, subject to certain conditions.

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