Insurance brokerage ALKEME has finalized a continuation vehicle (CV) transaction, with financial backing from GCP Capital Partners and Apollo S3.
The investment is intended to support the company’s acquisition strategy, technology initiatives and service development.
Founded in 2020, ALKEME has expanded rapidly across the US and is now ranked among the top 35 insurance brokerages in the country. Headquartered in Ladera Ranch, California, the company operates more than 35 offices in 16 states and employs over 600 staff.
ALKEME offers a broad range of services, including property and casualty insurance, employee benefits, surety, risk management and wealth solutions. The company works with more than 400 insurance carriers and manages a number of specialized programs.
Aside from partnerships, M&A has been a core component of ALKEME’s growth. Since its inception, the company has completed more than 40 transactions. These include the acquisition of InsurePro in Utah, Ferrante Insurance Services in California and Summit Insurance Group in Florida. The deals have expanded ALKEME’s presence across multiple regions and business lines, including personal and commercial insurance, contractor risk, health insurance and high-net-worth financial products.
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“This milestone is a reflection of the hard work and dedication of our entire team, as well as the trust our clients and partners place in us every day,” said Curtis Barton, CEO of ALKEME.
“ALKEME’s impressive growth and commitment to excellence have set a new standard in the insurance brokerage space,” said Boris Gutin, co-managing partner at GCP Capital.
Following the completion of the CV transaction, ALKEME plans to continue pursuing acquisitions, invest in digital infrastructure, and expand its range of services.
