Sica | Fletcher advises Ferrante Insurance Services in its sale to Alkeme Intermediary Holdings, LLC.
Overview of Transaction
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Ferrante is a retail specialty insurance broker headquartered in Concord, California.
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Founded in 1996, Ferrante specializes in delivering commercial risk solutions to contractors throughout California including general liability, workers’ compensation, business auto and bonds.
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Ferrante brings 27 years of expertise serving small contractors in California and a dynamic and knowledgeable staff with an excellent reputation in the industry.
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Ferrante agreed to partner with Alkeme Intermediary Holdings, LLC (“ALKEME”), ranked by Business Insurance as the #5 fastest-growing broker in the United States.
Significance of Transaction
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The acquisition provides ALKEME the opportunity to partner with a specialty firm with extensive knowledge in a changing California workers’ compensation marketplace, capitalizing on a unique, scalable, inbound call center model ideal for cross-selling.
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The acquisition provides Ferrante with operations strength and distribution capacity, with a view toward rapid growth and expansion.
Sica | Fletcher's Role
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Sica | Fletcher served as exclusive strategic and financial advisor to Ferrante.
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The transaction underscores Sica | Fletcher's track record of success in deal execution, as well as its relationships with growing acquirers in the space.