Sica | Fletcher advises North Point Insurance Agency, Inc. in its sale to ALKEME Intermediary Holdings, LLC.

Overview of Transaction

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• North Point Insurance Agency, Inc. (NPIA) is a retail P&C agency with six offices in Central and Northern New York, Vermont, and Maine.

• Founded in 2014, NPIA provides personal and commercial products and services throughout New England and New York.  

• NPIA’s client base consists of small commercial clients, high net worth individuals, and other personal lines customers. Some areas of commercial expertise include farming, contractors, transportation, and habitational risks.

• NPIA agreed to partner with ALKEME, a Top 40 Insurance Brokerage.
   

Significance of Transaction

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• The acquisition strengthens ALKEME’s position in the property and casualty insurance market, expands their geographic footprint, and provides ALKEME the ability to serve niche markets effectively utilizing NPIA’s expertise. 

• NPIA, with ALKEME as their growth partner, is able to leverage ALKEME’s extensive resources and capabilities to continue providing exceptional service to their existing clients while expanding their reach. 
   

Sica | Fletcher's Role

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

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