ALKEME Secures Significant Financial Backing to Fuel Growth
Insurance brokerage ALKEME has finalized a continuation vehicle (CV) transaction, receiving financial backing from GCP Capital Partners and Apollo S3. This investment will support the company’s aggressive acquisition strategy, technology initiatives, and service development.
Founded in 2020, ALKEME has rapidly expanded across the United States and is now ranked among the top 35 insurance brokerages in the country. Headquartered in Ladera Ranch, California, the company operates over 35 offices in 16 states and employs more than 600 staff members. ALKEME offers a comprehensive range of services, including property and casualty insurance, employee benefits, surety, risk management, and wealth solutions. The company works with over 400 insurance carriers and manages several specialized programs.
Mergers and acquisitions have been a core component of ALKEME’s growth strategy. Since its inception, the company has completed more than 40 transactions, including the acquisition of InsurePro in Utah, Ferrante Insurance Services in California, and Summit Insurance Group in Florida. These 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.
“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. “We plan to continue pursuing strategic acquisitions, invest in our digital infrastructure, and expand our range of services to better serve our clients.”
Boris Gutin, co-managing partner at GCP Capital, commented, “ALKEME’s impressive growth and commitment to excellence have set a new standard in the insurance brokerage space. We’re excited to support their continued expansion.”
With this significant financial backing, ALKEME is well-positioned to continue its growth trajectory and remain a major player in the insurance brokerage industry.
