KKR and Blackstone Strike a Secondary Deal For Alliant

The trend of private-equity firms flipping assets to each other continues to be popular move. But KKR’s buyout of insurance brokerage firm Alliant Insurance Services from Blackstone marks a somewhat rarer triple-buyout.

 Blackstone had purchased Alliant in 2007 from PE firm Lindsay Goldberg for a price north of $1.1 billion, WSJ reported at the time. That makes this the third private-equity buyer to takeover one of the country’s biggest independent insurance brokerages.

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