Sheets Forrest Draper Insurance

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Sheets Forrest Draper Insurance - overview

Established

1902

Location

Marion, IA, US

Primary Industry

Insurance

About

Sheets Forrest Draper Insurance is a US-based agency specializing in a comprehensive range of insurance solutions, including homeowners, automotive, and business insurance, tailored to meet diverse client needs in the Midwest. Founded in 1902 and headquartered in Marion, US, Sheets Forrest Draper Insurance provides various insurance services. The company was acquired by Alkeme Insurance Services, LLC in August 2025, which allows for broader financial support to clients. Sheets Forrest Draper Insurance offers an extensive portfolio of insurance solutions, including homeowners insurance, automotive insurance, business insurance, commercial insurance, and life insurance.


As an independent agency, it provides a selection of policies that cater to the unique needs of individuals and businesses in Marion, Cedar Rapids, Hiawatha, Iowa City, and the surrounding Midwest region. Sheets Forrest Draper Insurance operates on a commission-based revenue model, generating income through the sale of insurance policies to clients. The agency engages primarily in B2C transactions, assisting customers through the quote process and earning commissions from various insurance products designed to address a wide array of risks. Following the acquisition by Alkeme Insurance Services, LLC in August 2025, the company plans to enhance its service offerings and expand its market reach.


The acquisition is aimed at enabling Alkeme to provide financial support to a broader client base. Specific new products and market expansion plans have not been detailed as of yet.


Current Investors

ALKEME Intermediary Holdings, LLC

Primary Industry

Insurance

Sub Industries

Personal Insurance, Life Insurance, Health Insurance, Commercial Insurance

Website

www.marioniowainsurance.com/

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Sheets Forrest Draper Insurance - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedSheets Forrest Draper Insurance-

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