Baldwin Risk Partners Acquires Lykes Insurance

Sica | Fletcher guides Florida-based Lykes Insurance Agency in its sale to Baldwin Risk Partners.

Overview of Transaction

  • Founded and family owned since 1925, Lykes Insurance is one of Florida’s oldest full service insurance agencies serving clients worldwide.

  • Lykes Insurance provides commercial risk insurance, private risk insurance, employee benefits and surety bonds.

  • Lykes agreed to be acquired by Baldwin Risk Partners, ranked the 3rd fastest growing broker by Business Insurance.


Significance of Transaction

  • The Lykes Insurance acquisition bolsters and expands BRP’s presence in the Florida marketplace.

  • Creates long-term synergies due to shared culture, unique client focus, and one of the most seasoned Executive Leadership Teams in the industry.

  • Brought two of Tampa’s most prominent families together to join forces and scale in the insurance business.

Sica | Fletcher's Role

  • Lykes Insurance engaged Sica | Fletcher to explore multiple strategic options for the firm.

  • The Lykes Insurance transaction builds on Sica | Fletcher's track record of success across the Commercial and Personal lines space.

  • This transaction further highlights our strong relationships with top-tier investors, with BRP ranked as the 3rd fastest growing broker.

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