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 Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Sheets Forrest Draper Insurance | - |
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