ALKEME, a Top 40 Insurance Brokerage and a full-service insurance agency, has announced the acquisition of Ferrante Insurance Services, a retail insurance agency serving the Western United States.
The deal will enhance ALKEME’s offerings of commercial and personal insurance, employee and executive benefits, and retirement and wealth management services to its customers.
“We are really excited to welcome Ferrante Insurance Services and their growing Northern California practice to the ALKEME family,” said Curtis Barton, CEO of ALKEME. “Frank has built an amazing team with a commitment to serving contractors with exemplary service which perfectly aligns with our values. By joining forces, we will be well positioned to achieve great things and better serve Ferrante’s current and future clients.”
Ferrante Insurance Services, founded in 1996, is based in Concord, California, and specializes in providing commercial risk solutions to contractors throughout California. The agency offers general liability, workers’ compensation, business auto and bonds to its clients.
The acquisition is part of ALKEME’s growth strategy, which has seen it complete over 40 acquisitions since its founding in 2020. ALKEME operates from over 35 locations in 16 states and is ranked by Insurance Journal as one of the top 40 largest agencies in the United States and by Business Insurance as the #5 fastest-growing broker. ALKEME’s vision is to provide its partner agencies with the autonomy, resources and support to grow and thrive in an everchanging insurance landscape.
“We are really excited and confident that joining ALKEME will allow us to be better equipped to serve our clients with new, innovative solutions,” said Frank Ferrante, President of Ferrante Insurance Services. “ALKEME’s proven growth platform and amazing resources were a no-brainer when we were looking for a partner to help secure the future of our agency.”