California-based insurance brokerage ALKEME announced its acquisition of Innovative Insurance Group, one of Virginia’s largest insurance agencies.
This acquisition marks a significant expansion of ALKEME’s commitment to the East Coast, according to Curtis Barton, CEO of ALKEME. The Innovative team will continue operating from its eight Virginia locations.
Founded in 2015 through the merger of four Virginia benefits agencies, Innovative Insurance Group offers employee benefits, human resources, Affordable Care Act compliance, and reporting. Principals who built the firm include Sam Irby, Earl Weaver and Charlie Webb.
ALKEME is a full-service insurance agency providing commercial and personal insurance, employee and executive benefits, retirement and wealth management services. Since its founding in 2020 by six agency owners who merged, ALKEME has completed more than 50 acquisitions. ALKEME is ranked by Insurance Journal one of the top 35 largest agencies in the country.
Topics Mergers & Acquisitions
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