Sica | Fletcher advises Daugherty Insurance Group, Inc. in its sale to ALKEME Intermediary Holdings, LLC.
Overview of Transaction
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Daugherty Insurance Group is a retail Property & Casualty insurance agency headquartered in Sugar Land, Texas, 20 miles southwest of Houston.
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Initially founded in 1984 by John C. Daugherty III, the company has been serving the local Houston community and surrounding regions for nearly 40 years with a wide variety of business, home, auto, life and health insurance solutions.
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Daugherty agreed to partner with ALKEME Intermediary Holdings, LLC, one of the fastest growing Insurance acquisition platforms in the United States providing agencies with a proven platform to achieve financial security and revenue growth.
Significance of Transaction
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The acquisition will allow ALKEME to expand its footprint into the Texas market and leverage the strong capabilities the Daugherty team has built.
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The acquisition provides Daugherty an opportunity to leverage ALKEME’s strengths and network of agency partners. ALKEME’s resources and expertise will allow for rapid growth and expansion.
Sica | Fletcher's Role
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Sica | Fletcher served as exclusive strategic and financial advisor to Daugherty.
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This transaction highlights the strength of Sica | Fletcher’s relationships with leading agencies and top-tier investors.