ALKEME Insurance Enhances Its Market Reach with New Deal
ALKEME Insurance Expands Its Presence in the Mid-Atlantic
Acquisition strengthens ALKEME's reach in the region with a diverse agency specializing in employee benefits and more.
ALKEME Insurance, recognized as one of the top 25 insurance brokerages, has made a significant move by acquiring Gorges & Company, Inc., a well-regarded agency that operates in Maryland. This strategic acquisition not only solidifies ALKEME's footprint in the Mid-Atlantic area but also enhances its capacity to address the varied insurance needs of its clientele.
A Comprehensive Suite of Insurance Services
Founded in 1937, Gorges & Co. has established itself as a major player in providing comprehensive insurance solutions. Their offerings span employee benefits, as well as business and personal property and casualty coverage. They have carved out a niche in serving specific sectors including nonprofit organizations, spa and wellness centers, and high-value personal lines clients, among others.
Enhancing Client Relationships and Service Delivery
As Curtis Barton, the CEO of ALKEME, noted, “Gorges & Co. has built a reputation for delivering outstanding service and creating strong client relationships.” This acquisition is poised to bolster ALKEME's East Coast presence significantly while enhancing its ability to provide specialized services to clients across the nation.
A Bright Future for the Partnership
The leaders at Gorges & Co. have expressed their excitement about the new partnership. Tom McNamara, one of the owners, mentioned, “Joining ALKEME gives us the breathing room to expand our resources while maintaining our strong local focus.” This partnership aims to yield substantial benefits for both the agency's clients and its dedicated team.
Strategic Expansion Across the United States
This latest acquisition is part of ALKEME's broader commitment to expanding its operations throughout the United States. The initiative focuses on integrating additional resources and enhancing advanced capabilities to local agencies, thereby enriching their service offerings.
About ALKEME Insurance
ALKEME is a comprehensive insurance agency that serves both businesses and individuals. It offers an extensive range of services including commercial and personal insurance, employee benefits, and wealth management solutions. Established in 2020, ALKEME has already concluded over 70 acquisitions, boasting over 60 locations across 29 states.
According to Insurance Journal, ALKEME ranks among the top 25 largest agencies in the U.S., while Business Insurance recognizes it as the third fastest-growing broker in its Top 100 list. The company’s vision, driven by experienced owner/operators, revolves around empowering partner agencies with the requisite autonomy, resources, and support necessary for success in a dynamic insurance market.
Frequently Asked Questions
What is the significance of ALKEME's acquisition of Gorges & Company?
The acquisition enhances ALKEME's service capabilities in the Mid-Atlantic region and expands its client reach.
What services does Gorges & Co. provide?
Gorges & Co. specializes in employee benefits, business, personal insurance, and nonprofit solutions.
What is ALKEME’s mission as an insurance agency?
ALKEME aims to provide comprehensive insurance solutions while empowering its partner agencies for growth.
When was ALKEME founded?
ALKEME was founded in 2020 and has since significantly expanded through acquisitions.
How many states does ALKEME operate in?
ALKEME operates in 29 states with over 60 locations nationwide.
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