Alkeme Insurance Receives Investment from Private Equity Firms to Expand Brokerage
'This milestone is a reflection of the hard work and dedication of our entire team, as well as the trust our clients and partners place in us every day,' said Curtis Barton, chief executive of Alkeme, in a statement.
With this new capital, the company is well-equipped to pursue strategic acquisitions, invest in cutting-edge technology, and further enhance its client offerings. Since its founding in 2020, it has completed more than 45 acquisitions and serves its customers from more than 45 locations in 29 states.
Information for this article was sourced from Alkeme.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Post
an hour ago
- New York Post
Air Canada cabin staff go on strike, grounding hundreds of flights
Air Canada's unionized flight attendants walked off the job early on Saturday morning after contract talks with the country's largest carrier stalled, in a move that could disrupt travel plans for more than 100,000 passengers. The union representing more than 10,000 Air Canada flight attendants confirmed the action in a social media post at around 1:00 a.m. in the first strike by cabin crew since 1985. Attendants are currently paid when the plane is moving and the union was seeking to also be compensated for time on the ground between flights and helping passengers board. 5 Air Canada union activists interrupt a press conference by airline executives on Aug. 14, 2025. REUTERS Montreal-based Air Canada, which is expected to respond quickly by locking out the workers, has said it anticipated canceling 500 flights by the end of Friday during the busy summer travel season. It expected around 100,000 people to be affected on Friday alone. Flight attendants are likely on Saturday to picket at major Canadian airports, where passengers were already trying to secure new bookings earlier in the week, as the carrier gradually wound down operations. Passenger Freddy Ramos, 24, said on Friday at Canada's largest airport in Toronto that his earlier flight was canceled due to the labor dispute and he had been rebooked by Air Canada to a different destination. 'Probably 10 minutes prior to boarding, our gate got changed and then it was canceled and then it was delayed and then it was canceled again,' he said. 5 Air Canada planes sit on the tarmac at Pearson International Airport in Toronto, Canada on Aug. 14, 2025. Getty Images 5 Air Canada flight attendants walk through the terminal of Montreal-Pierre Elliott Trudeau International Airport in Dorval, Quebec on Aug. 15, 2025. AP Air Canada and its low-cost affiliate Air Canada Rouge normally carry about 130,000 customers a day. Air Canada is also the foreign carrier with the largest number of flights to the US. While the dispute has generated support from passengers on social media for the flight attendants, Canadian businesses reeling from a trade dispute with the United States urged the federal government to impose binding arbitration on both sides, which would end the strike. Air Canada has asked the minority Liberal government of Prime Minister Mark Carney to order both sides into binding arbitration although the Canadian Union of Public Employees, which represents the attendants, said it opposed the move. The Canada Labour Code gives Jobs Minister Patty Hajdu the right to ask the country's Industrial Relations Board to impose binding arbitration in the interests of protecting the economy. Hajdu has repeatedly urged the two sides, which are not bargaining, to return to the table. The union has said Air Canada offered to begin compensating flight attendants for some work that is now unpaid but only at 50% of their hourly rate. 5 Flight attendants are likely on Saturday to picket at major Canadian airports, where passengers were already trying to secure new bookings earlier in the week, as the carrier gradually wound down operations. AP 5 A passenger looks at the canceled and delayed Air Canada flights on a departure board at Montreal-Pierre Elliott Trudeau International Airport. AP The carrier had offered a 38% increase in total compensation for flight attendants over four years, with a 25% raise in the first year, which the union said was insufficient. In a note to clients on Friday, analysts at financial services firm TD Cowen urged the carrier to 'extend an olive branch to end the impasse,' adding that investors are worried that any cost savings on labor are outweighed by lost earnings in the airline's most important quarter. 'We think it would be best for AC to achieve labor peace,' the note said. 'Not budging on negotiations risks being a Pyrrhic victory.'
Business Insider
3 hours ago
- Business Insider
Kyivstar Hopes to Shine in New York as Ukraine Peace Talks Begin
Shares in Ukrainian mobile operator Kyivstar will start trading in New York today hoping that peace talks to end the devastating war in the country will significantly boost the company's value. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Chief executive officer Oleksandr Komarov said ahead of the Nasdaq listing that the summit between President Trump and Russian leader Vladimir Putin in Alaska, scheduled for August 15 th, would help drive investment into Ukraine if an end to the three-year war is found. Invest in Recovery 'We will be the best asset for the international investment community to invest in Ukraine, to invest in the Ukrainian recovery, to invest in the Ukrainian support,' Komarov said. Komarov said the company chose Nasdaq, where its Dubai-based parent VEON (VEON) is also listed, over London or Warsaw because it is even more important to 'strengthen the link between the United States and Ukraine rather than between Ukraine and Europe.' VEON shares were up 1.6% in pre-market trading. The company has also strengthened its U.S. ties during the conflict, appointing former U.S. Secretary of State Mike Pompeo to its board and signing a deal with Elon Musk's Starlink for satellite services. Kyivstar, which has been given a pro forma valuation of $2.3 billion, carried out the listing by merging with fintech entrepreneur Betsy Cohen's Cohen Circle special purpose acquisition company (SPAC). The company raised $178 million, confirming earlier reports that it expected up to $200 million. VEON will retain a majority stake in the mobile operator. People's IPO The company has previously stated that it has had extremely strong support for the Kyivstar listing from U.S. authorities, Ukraine and the European Union. Indeed, it has described the listing as 'the people's IPO', hoping that investors around the world would show their support for Ukraine. Kyivstar is the market-leading mobile operator in Ukraine with 24 million subscribers. Analysts agreed that the narrative around the deal was built around Ukraine's postwar reconstruction and digital infrastructure's role in that recovery. However, investors will also likely question the strength of that recovery and the likelihood of any peace deal between Ukraine and Russia holding over the long-term.
Yahoo
3 hours ago
- Yahoo
Port of LA Handles Record Volumes, but Imports ‘May Have Just Peaked'
The Port of Los Angeles reported an all-time record in cargo movement for a single month, eclipsing 1 million 20-foot equivalent units (TEUs) handled for the second time ever. July container totals came in at 1,019,837 TEUs, an 8.5 percent increase over numbers in the year-ago month. More from Sourcing Journal PPI Jumps in July, Underscoring Growing Costs for US Manufacturers-And Likely Future Price Hikes for Consumers Air Cargo Capacity 'Correction' in Play as Tariff Deadlines Come and Go Here's Why Consumers Keep Spending Despite Tariffs Imports came in at the same growth rate of 8.5 percent to 544,231 TEUs as retailers and brands brought in cargo ahead of multiple tariff deadlines: one on Aug. 1 for most U.S. trade partners and another on Aug. 12 for goods exiting China. The Aug. 1 'reciprocal' tariffs went into effect Aug. 7, while the Chinese deadline to negotiate a new trade deal got pushed back 90 days to Nov. 10. The previous record for the Port of Los Angeles came in May 2021, when 1,012,048 TEUs were processed—a whopping 74 percent jump from the year prior. The 2021 calendar year also hosts the all-time annual record for total TEUs handled at 10,677,610 TEUs. Figures for the Los Angeles port came in days after the Port of Long Beach saw its most active July on record with 944,232 TEUs, a 7 percent jump from the year prior. Imported containers had a similar uptick at 7.6 percent growth to 468,081 TEUs. The records at both ports fulfilled some predictions made in June that had expected a flurry of cargo to reach the gateways as companies rushed to get product into the U.S. at lower prices. According to Port of Los Angeles executive director Gene Seroka, the twin port had 107 vessel calls in July, 30 percent more than average over the past five years. Sixteen of those ships had a capacity of over 13,000 TEUs, setting another record. Additionally, the port had 11 unscheduled ship arrivals, which was the most since the pandemic, he said. But despite the deluge of containers, there was no chaos at either port, unlike during the pandemic era. 'All of this was done without any vessel backups or on-dock congestion,' said Gene Seroka in a media briefing. The coming months are anticipated to cool down following the strong July, with August TEU counts likely to be between 850,000 to 900,000. Compared to last year's 960,597 TEUs, the Port of Los Angeles would see a 6.3 percent to 11.5 percent decrease in total container volumes. 'It seems likely that goods coming into the U.S. may have just peaked,' Seroka said. 'A lot of inventory is already here.' High inventory levels signal tariff inflation on consumers Dr. Zachary Rogers, assistant professor of supply chain management at Colorado State University, said in the briefing that the presence of more inventory in the U.S., alongside the tariffs on lower-margin goods like apparel and toys, has made inventory more expensive for buyers. Inventory costs sit at 71.9 on the Logistics Managers' Index, the long-term survey which Rogers co-authors. Numbers above 50 indicate expansion, with the higher number representing a faster rate of expansion. 'It's really put stress on the warehousing network. There's a lot of cost right now that is associated with holding on to goods, and that's especially true if we look upstream,' Rogers said. He noted that while inventory levels were indexed at 47.6 across downstream retailers that have been reducing inventories recently, upstream partners like wholesalers had their inventory levels at 58.5. 'The reason a lot of consumers haven't seen the really big impact of any inflation is because the costs haven't necessarily moved downstream. They're sort of sitting right now in that middle mile,' said Rogers. 'I would expect that we will see inventories move down in September. Generally, retailers' inventories peak in the middle of October, so I do expect we will eventually see those inventories move down.' Rogers said the peak season is occurring in a 'bifurcated' way, noting the activity happening upstream at ports like the Port of Los Angeles. But since consumer demand has not outpaced supply, pricing effects haven't hit in retail stores yet. 'We probably don't need a lot more inventory ahead of the holiday season because we have so much already,' Rogers said. 'That spike's mostly been in the top and middle of the supply chain. We haven't seen the big price increases yet, but early indicators look like we are going to start seeing those more at the consumer level.' With the holiday season in closer view, Rogers said he doesn't expect the usual traditional peak shipping season spikes that usually come around from August through October, and expects the ports to have a quieter period.
