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Sica | Fletcher advises Gotham Brokerage Company, Inc. in its sale to ALKEME Intermediary Holdings, LLC.

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Overview of Transaction

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  • Gotham Brokerage Company, Inc. is a specialty retail brokerage with a niche in high-value personal lines.

  • The Company enjoys a long-standing leadership position in the New York City marketplace; for more than 60 years, Gotham has been navigating the complicated landscape of residential insurance and risk management in New York City.

  • Originally founded in 1964, Gotham specializes in several types of coverages, including condo and co-op insurance, renters’ insurance, and homeowners' insurance, supported by exceptional customer service and claims management.

  • Gotham 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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  • This acquisition brings to ALKEME a specialty partner with unmatched knowledge of the New York City marketplace and one that understands its unique challenges and risks.

  • For Gotham, the partnership provides welcome infrastructure and support, as well as expansion opportunities via cross-sell, to position the firm for future growth.

 

Sica | Fletcher's Role

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

  • The transaction demonstrates the quality of Sica | Fletcher's relationships with the most active acquirers in the space as well as its disciplined M&A process.

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