Sica | Fletcher advises Surry Insurance Agency & Realty Co., Inc. in its sale to ALKEME Intermediary Holdings, LLC.

Overview of Transaction

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• Surry is a 100% Commercial Lines (CL)-focused retail insurance agency headquartered in Dobson, North Carolina, with a second office in Winston-Salem, North Carolina. 

• The Company specializes in providing comprehensive insurance and risk management services to the public sector. 

• Surry is a trusted advisor and delivers expert level, high-touch customer service, resulting in exceptional client retention and growing core revenue.

• Surry agreed to partner with ALKEME, one of the fastest growing insurance brokerages in the United States, providing agencies with a proven platform to achieve financial security and revenue growth.

 

Significance of Transaction

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• The acquisition allows ALKEME to penetrate the North Carolina market with a sizable presence, further expanding its national reach. 

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

 

Sica | Fletcher's Role

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

• This transaction underscores the strength of Sica | Fletcher’s network of best-in-class agencies and top-tier investors.