ALKEME closes seven agency deals in Q1

From Hawaiian personal lines to Wyoming trucking coverage, the firm is assembling a coast-to-coast specialty machine

ALKEME closes seven agency deals in Q1

Mergers & Acquisitions

By Kenneth Araullo

ALKEME Insurance has closed seven agency deals in the first quarter of 2026, extending an acquisition streak that has made the brokerage one of the most aggressive consolidators in the US insurance market.

The transactions span seven states, from Colorado to Hawaii, and add commercial, personal, specialty and high-net-worth capabilities to the firm's portfolio.

The acquired agencies are Centennial State Insurance Group in Colorado; Aloha Insurance in Hawaii; Western Alliance in Wyoming; The Quantum Group in Maryland; Safe Harbour Insurance in Massachusetts; O'Neill Associates Consulting in Florida; and Quinn Insurance in Nebraska.

The pace marks a step up. ALKEME has completed more than 80 acquisitions since launching in 2020, including five in the final quarter of 2025. Seven in a single quarter puts it among the most active buyers in a market where deal volumes have been falling.

Deloitte's 2026 insurance M&A outlook counted 411 broker transactions in the US last year, a double-digit percentage drop from 2024.

Niche expertise in the mix

The agencies cover a range of specializations. Centennial State serves CPAs, financial advisers and physicians, with a focus on fire suppression. Western Alliance provides coverage for trucking, oil and gas, and heavy equipment in the Rocky Mountain region.

The Quantum Group focuses on life insurance for asset protection and tax mitigation for ultra-high-net-worth families.

O'Neill Associates Consulting serves architectural and engineering firms. Quinn Insurance handles commercial and personal lines, including construction and ankle monitoring product distribution.

Curtis Barton, ALKEME's chief executive, said the deals reflect the next phase of the company's growth. "We're not only increasing our geographic presence – we're bringing in agencies that elevate our expertise across high-demand sectors," Barton said.

Brian O'Neill, president of O'Neill Associates Consulting, said the firm would gain access to national-scale resources while retaining its culture. "We see this as the best of both worlds," O'Neill said.

The acquisition run is backed by private equity capital. ALKEME was launched in 2021 with backing from GCP Capital Partners, a middle-market firm with $2 billion in committed capital and prior investments in firms such as Acrisure and Ironshore.

PitchBook data shows the company has raised a total of $992 million, with Solamere Capital also listed among its investors. ALKEME now writes more than $1 billion in annual premiums and employs over 1,000 staff across more than 30 states.

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