ALKEME, an insurance brokerage, has made headlines with its recent acquisition of Crawford Insurance Group (CIG), a well-established agency located in Rochester Hills, Michigan. This deal marks ALKEME’s first venture into the Michigan market and is part of the company’s broader strategy to expand its presence in the Midwest.
CIG, founded in 2001, has earned a strong reputation for its commitment to customer service and consistent performance. The agency has been recognized with the Nationwide President’s Award seven times and is licensed to operate in 36 states. Their services include personal and commercial insurance, group benefits, and Medicare plans.
Curtis Barton, CEO of ALKEME, expressed enthusiasm about the acquisition, highlighting CIG’s success and customer dedication as qualities that align with ALKEME’s values. He believes this move will enhance their ability to serve clients in the region better.
Tim Crawford, president of CIG, also shared his excitement about the partnership. He mentioned that joining ALKEME would provide CIG with additional resources and expertise, allowing them to continue their high level of service while expanding their reach. Tim’s son, Matt, will take the lead in growing the agency, ensuring continuity for the existing team.
This acquisition comes during a tumultuous time in the economy. Just days before the announcement, President Donald Trump introduced significant tariffs on imports, which caused a notable drop in the stock market. The Dow Jones Industrial Average fell by 4,000 points over two days, the largest decline since the pandemic began in 2020. These economic shifts have raised concerns about inflation and stability, prompting discussions among financial leaders about potential interest rate cuts to stimulate growth.
In the tech sector, companies are also feeling the pressure. ASML, a major player, has issued cautious revenue forecasts, citing uncertainties in the trade environment.
As ALKEME continues to grow through acquisitions, it remains to be seen how these changes will impact the insurance landscape and the broader economy.