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Sica | Fletcher advises Axial Benefits Group, LLC and The Staffing Exchange LLC in its sale to Alkeme Intermediary Holdings, LLC.

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Overview of Transaction

  • Founded in 2004, Axial Benefits Group, LLC and The Staffing Exchange LLC (Axial) is a benefits consulting firm that specializes in group purchasing coalitions, corporate health insurance, corporate 401(k) plans, executive benefits, and executive wealth management. 

  • Headquartered in Burlington, Massachusetts, Axial delivers exceptional healthcare solutions at the lowest possible cost as a program manager of two national group healthcare purchasing coalitions. Axial also offers traditional health and ancillary products to fully insured and self-insured clients. 

  • Axial agreed to partner with ALKEME, a top 40 insurance brokerage. ALKEME is one of the fastest-growing insurance brokerages in the United States, providing agencies with a proven platform to achieve financial security and revenue growth

Significance of Transaction

  • The acquisition will allow ALKEME to enhance its national footprint and expand its presence and specialty expertise within the Employee Benefits segment. 

  • The acquisition offers the Axial team ALKEME’s institutional support and wide network of agency partners. ALKEME’s partner network will provide many cross-selling opportunities for the Axial team within its existing client base. 

Sica | Fletcher's Role

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

  • This transaction underscores the strength of Sica | Fletcher’s network of best-in-class agencies and top-tier investors.

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