Overview of Transaction

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• Summit Insurance Group, based in Coral Springs, Florida, is a prominent Florida Blue expert agency specializing in Medicare, individual, and group health insurance plans. 

• Summit is a trusted provider of health insurance solutions throughout the Southeast and in Texas. With over 30 years of combined experience, Summit’s dedicated team serves more than 7,000 Floridians, offering expert guidance on Florida Blue (Blue Cross and Blue Shield) products and other health insurance options.

• Summit agreed to partner with ALKEME, who has completed over 40 acquisitions in 16 states and is currently ranked by Business Insurance as the #5 fastest-growing broker.
   

Significance of Transaction

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• This acquisition strengthens ALKEME’s presence in the Florida market and enhances its capabilities in serving the diverse health insurance needs of individuals and businesses throughout the Southeast.

• The partnership allows Summit to enhance its tradition of excellence with new growth opportunities and access to ALKEME’s resources and partners. 

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Sica | Fletcher's Role

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• Sica | Fletcher served as exclusive strategic and financial advisor to Summit. 

• The transaction underscores Sica | Fletcher's track record of success with complex transactions and strong relationships with the most prolific investors in the space.