US-based insurer ALKEME Insurance coverage has expanded nationally by buying Sheets Forrest Draper Insurance coverage (SFDI), an unbiased company headquartered in Marion, Iowa.
Monetary phrases of the acquisition weren’t disclosed.
This transfer is a part of ALKEME’s technique to increase its operations within the Midwest and collaborate with regionally centered businesses to reinforce companies for purchasers.
Established in 1902, SFDI has been offering insurance coverage options to people and companies in Marion, Cedar Rapids, Hiawatha and Iowa Metropolis.
The company, led by Scott Stephens as president and Spencer Stephens as vice-president, affords a variety of merchandise together with auto, house, enterprise and specialty insurance coverage.
ALKEME Insurance coverage CEO Curtis Barton stated: “Our aim at ALKEME is to hitch forces with distinctive businesses who share our dedication to unbiased, client-centred options and deep group ties.
“SFD Insurance coverage’s long-standing legacy and dedication to native relationships makes them an excellent match for the ALKEME household. We’re excited to help their progress whereas preserving the core values which have made them trusted for generations.”
Stephens stated: “Turning into a part of ALKEME permits us to keep up our native focus and independence whereas accessing broader assets and experience. With ALKEME behind us, we’re prepared for the subsequent chapter – persevering with our mission to guard our group, now and into the long run.”
In April, ALKEME appointed Jesse Dantice because the president of its east area. Dantice brings greater than 27 years of expertise to the function and will probably be liable for overseeing operations and progress within the jap US.
Since its inception in 2020, ALKEME has accomplished over 70 acquisitions and established a presence in 29 states with greater than 60 websites.
The total-service insurance coverage company affords industrial and private insurance coverage merchandise, in addition to worker and govt advantages, retirement and wealth administration companies.
