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 house, well being, auto, life and business insurance coverage through its community of carriers.
Alkeme CEO Curtis Barton stated: “We’re enthusiastic about what Infinity Insurance coverage Group brings to our companion community when it comes to expertise, merchandise and placement.
“Infinity is nicely 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 stated: “We’re extraordinarily happy with what we now have constructed at Infinity Insurance coverage Group and have been very cautious in our alternative of a companion like Alkeme.
“As we glance to develop and break into new markets, Alkeme’s monitor report of serving to companions develop whereas retaining autonomy, coupled with its deep assets, will probably be invaluable in reaching our lofty targets.”
Alkeme aids insurance coverage brokerages to realize development through using innovation, shared companies, session, and advertising.
Headquartered in Ladera Ranch, California, and backed by GCP Capital Companions, Alkeme caters to shoppers 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 Middle, 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.