Baldwin Krystyn Sherman Partners Acquires Lykes Insurance of Florida

Baldwin Krystyn Sherman Partners (BKS-Partners), an insurance brokerage and risk management firm headquartered in Tampa, Fla., has acquired Florida-based, independent firm, Lykes Insurance. The partnership finalized on March 13, 2019.

Founded in 1925 by Lykes Bros. Inc., Lykes Insurance is an insurance brokerage focused on commercial risk insurance, surety bonds, employee benefits and private risk management. Lykes’ team has been providing risk management services to clients from their downtown Tampa, Ft. Myers and Orlando locations for 94 years.

BKS-Partners currently operates in multiple locations throughout the Southeast with a team of over 300 colleagues. BKS-Partners works with clients across the country and has recently been strategically expanding their footprint throughout the Southeast.

The firm’s acquisition of Lykes Insurance comes in addition to multiple significant partnerships formed by BKS-Partners in 2018 which introduced the firm into Northeast Florida, Alabama, Georgia and Texas.

Lykes’ transition to the Baldwin Krystyn Sherman platform is in progress and clients should expect a seamless transition in terms of service and accessibility. Lykes Insurance will inherit the BKS-Partners name over the next few months.

BKS-Partners was recently recognized as a Best Place to Work by and a Best Insurance Agency to Work for by Insurance Journal.

Topics Florida Mergers & Acquisitions