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Sica | Fletcher advises Jordan River Insurance, Inc. in its sale to ALKEME Intermediary Holdings, LLC.

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Overview of Transaction

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  • Jordan River Insurance, Inc. (JRI) is a Property & Casualty (P&C)-focused insurance agency founded in 1996.

  • Headquartered in West Jordan, Utah, JRI’s segment mix is approximately 80% personal lines and 20% commercial lines. JRI is a generalist, with some key commercial clients in the manufacturing, contractor, and hospitality industries.

  • The Company offers multi-line insurance through a consultative and personalized approach and is proud to have achieved “Trusted Advisor” status with its long-tenured client base.

  • JRI decided to join ALKEME as a growth partner. Founded in 2020, ALKEME is ranked as one of the top insurance brokers in the United States, with over 80 locations and over 1,200 employees.

 

Significance of Transaction

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  • Through this acquisition, ALKEME gains a rapidly growing P&C generalist with an exceptionally talented, efficient, warm, and dedicated team.

  • JRI will benefit from ALKEME’s robust resources, expanding their personal and business insurance offerings while maintaining the high standards of care and satisfaction clients have come to expect.

 

Sica | Fletcher's Role

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

  • The transaction elucidates Sica | Fletcher's track record of success and strong relationships with the key decision-makers of the most prolific acquirers in the space.

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