ALKEME Expands with Acquisition of Professional Benefits Consultants
Deal News | Jan 08, 2025 | EIN
California-based insurance brokerage ALKEME has announced the acquisition of Professional Benefits Consultants (PBC), expanding its reach and operations in the Southeast of the United States. ALKEME, known for being one of the largest brokerages in the U.S., is bolstering its benefits line with this acquisition. PBC, located in Canton, Georgia, provides various insurance services including Medicare solutions and group health. Led by President Nick Schkabla, PBC's integration is part of ALKEME's aggressive acquisition strategy, having finalized over 50 such deals since its 2020 inception. ALKEME is now actively operating across 22 states.
Sectors
- Insurance
- Mergers & Acquisitions
Geography
- United States – The acquisition expands ALKEME's operations in the United States, specifically in the Southeast.
- California – ALKEME is headquartered in Ladera Ranch, California.
- Georgia – Professional Benefits Consultants is based in Canton, Georgia, where the acquisition took place.
Industry
- Insurance – This industry is relevant as ALKEME is an insurance brokerage firm, and PBC offers a range of insurance and benefits coverage.
- Mergers & Acquisitions – The acquisition of Professional Benefits Consultants by ALKEME highlights activities in the M&A sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ALKEME | Acquiring Company | Company | A California-headquartered insurance brokerage firm, one of the largest in the U.S. |
| Professional Benefits Consultants | Target Company | Company | An insurance services provider based in Canton, Georgia, offering benefits and insurance coverage. |
| Nick Schkabla | President of Target Company | Person | President of Professional Benefits Consultants. |