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 Inc.
BKS-Partners currently operates in multiple locations throughout the Southeast with a team of more than 300 colleagues. The partnership was 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 of insurance professionals has been providing risk management services to clients from its downtown Tampa, Ft. Myers and Orlando locations for 94 years.
BKS-Partners works with clients across the country and has recently been strategically expanding its footprint throughout the Southeast. The firm’s acquisition of Lykes Insurance comes in addition to multiple partnerships formed by BKS-Partners in 2018, which introduced the firm into Northeast Florida, Alabama, Georgia and Texas.
The transition to the Baldwin Krystyn Sherman platform is in progress, and Lykes Insurance clients should expect to see the BKS name as the transition progresses.
Source: Baldwin Krystyn Sherman Partners
Topics Mergers & Acquisitions Florida
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