This purchase comes nearly a year after an announcement by Alliant of its plans to buy the U.S. operations of Jardine Lloyd Thompson Group PLC, a London-based risk management adviser and insurance and reinsurance broker, for $100 million. Blackstone has nearly 800 employees, with offices in New York, Atlanta, Boston, Los Angeles, London, Paris, Mumbai, Hong Kong, and Hamburg.
The deal offers Blackstone a platform from which to incorporate more insurance brokerages into its business.