ALKEME announces strategic investment

ALKEME, a top 35 insurance brokerage, announced the successful closing of a significant continuation vehicle transaction. Apollo S3 anchored the transaction, which also included support from a syndicate of institutional investors. GCP will continue to control ALKEME and remains a significant investor in the company, along with ALKEME management.

ALKEME was founded in 2020 through the consolidation of several brokerages in Southern California, and with the support of GCP, has scaled with over 1,000 employees operating across 29 states and more than $1 billion of premiums written annually.

“This milestone is a reflection of the hard work and dedication of our entire team, as well as the trust our clients and partners place in us every day. With the support of world-class investors like GCP Capital and Apollo S3, ALKEME is uniquely positioned to accelerate our growth, drive innovation, and redefine what’s possible in the insurance industry. We are excited to continue making a meaningful difference for our clients and communities.” – Curtis Barton, CEO of ALKEME.

“ALKEME’s impressive growth and commitment to excellence have set a new standard in the insurance brokerage space. We are proud to partner with Curtis and the ALKEME team as they continue to expand their reach and impact. Our investment reflects our strong belief in ALKEME’s vision and our shared commitment to supporting their ongoing success.” – Boris Gutin, co-managing partner of GCP Capital.