California-based insurance coverage brokerage agency Alkeme has acquired Infinity Insurance coverage Group, a full-service insurance coverage company based mostly in Idaho, US.
Monetary particulars of the deal haven’t been disclosed by the businesses.
Infinity Insurance coverage is targeted on delivering dwelling, well being, auto, life and business insurance coverage by way of its community of carriers.
Alkeme CEO Curtis Barton mentioned: “We’re enthusiastic about what Infinity Insurance coverage Group brings to our accomplice community by way of expertise, merchandise and placement.
“Infinity is properly revered in Idaho and including them to the Alkeme household expands our protection, our footprint and we stay up for working with their superb crew.”
Infinity Insurance coverage Group president Dave Shoults mentioned: “We’re extraordinarily happy with what we’ve constructed at Infinity Insurance coverage Group and have been very cautious in our alternative of a accomplice like Alkeme.
“As we glance to develop and break into new markets, Alkeme’s observe file of serving to companions develop whereas retaining autonomy, coupled with its deep sources, might be invaluable in reaching our lofty objectives.”
Alkeme aids insurance coverage brokerages to realize progress by way of using innovation, shared providers, session, and advertising and marketing.
Headquartered in Ladera Ranch, California, and backed by GCP Capital Companions, Alkeme caters to purchasers with a variety of choices, together with P&C, advantages, surety, danger and wealth administration.
This deal comes two months after Alkeme acquired NAPA Insurance coverage Heart, a Texas-based insurance coverage company delivering well being and P&C Insurance coverage to NAPA’s independently owned Auto Half Shops and Auto Care Facilities throughout the US.