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Sica | Fletcher advises Becker Benefit Group, Inc. in its sale to ALKEME Intermediary Holdings, LLC.

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Overview of Transaction

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  • Founded in 1996 by Gary Becker, Becker Benefit Group, Inc. (BBG) is a retail benefits agency located in Baltimore, Maryland.

  • BBG primarily provides employee benefits solutions, including self-funded plans, in Maryland and across the country.

  • BBG also provides alternative risk management programs to help manage healthcare spend for its clients and their employees.

  • BBG agreed to partner with ALKEME, ranked by Insurance Journal as one of the top 35 largest agencies in the United States.

 

Significance of Transaction

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  • The acquisition will allow ALKEME to enhance its footprint with its first acquisition in Maryland and leverage the specialty expertise and client focus that BBG provides.

  • The acquisition offers the BBG team ALKEME’s strengths and network of agency partners. Its partner network will offer many cross-selling opportunities for the BBG team within its existing client base.

 

Sica | Fletcher's Role

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

  • This transaction highlights the strength of Sica | Fletcher’s relationships with leading agencies and top-tier investors.

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