Bukaty Companies

What Bukaty Companies does

Bukaty Companies is a privately held, full-service employee benefits and insurance brokerage founded in 1992 by Mike Bukaty and headquartered in Leawood, Kansas, with three additional offices in Kansas City (Missouri), Lawrence (Kansas), and Rossville (Kansas). The firm employs nearly 200 people and serves thousands of clients nationwide through dedicated risk advisors, consultants, and sales staff, organized into five service lines: employee benefits advisory (including strategic planning, pharmacy cost control, wellness, and M&A due diligence), business and personal property-and-casualty insurance, HR consulting and placement, compliance services (ACA, audit), and benefits administration (HSA, HRA, FSA, COBRA, combined billing). It also delivers integrated payroll, time-and-attitude, accounting, and HR capabilities through its proprietary cloud-based InspireHCM platform.

The firm's technology stack centers on InspireHCM, which provides applicant tracking, onboarding, workflow automation, real-time payroll calculations, and multi-channel time capture (web punch, badge, mobile, biometric), and is integrated with third-party tools such as Employee Navigator for benefits enrollment, Vertafore for P&C client self-service, and Canopy for digital personal-lines quoting. The business model combines commission-based revenue from A+-rated insurance carriers, recurring monthly fees for payroll/HR subscription services on InspireHCM, and project-based professional services fees for HR consulting, compliance, benefits administration, and M&A advisory. Go-to-market is primarily relationship-driven direct sales to businesses across at least nine verticals (restaurants, nonprofits, transportation, technology/cybersecurity, healthcare, professional services, retail/hospitality, construction/bonding, and manufacturing/distribution), augmented by content marketing, webinars, and social channels.

Bukaty became a partner agency of BroadStreet Partners in 2021, joining a top-15 U.S. brokerage network (combined revenue above $1.5 billion), and in 2023 completed a partnership/acquisition with the 100-year-old GM Peters Agency, adding deep P&C expertise and new risk-market access. The firm reports a five-year client retention rate of 96% and is led by founder/Chairman & CEO Mike Bukaty alongside President of P&C Shane Davolt, COO Mary Amundsen, and Director of HR Consulting Rachel Gast. No information suggests any AI/ML-native capabilities, public-company status, or external institutional funding.

Name

Bukaty Companies

Legal name

Bukaty Companies

Website

https://bukaty.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

101–250 employees

Short description

Bukaty Companies is a privately held, full-service employee benefits and insurance brokerage founded in 1992 and headquartered in Leawood, Kansas. It serves thousands of businesses and individuals nationwide through five service lines — benefits advisory, business and personal P&C insurance, HR consulting, compliance, and benefits administration — supported by its proprietary InspireHCM payroll and HR platform.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Professional Employer Organizations (561330), Employment Services (5613)

SIC

Insurance Agents, Brokers & Service (6411), Services-Management Consulting Services (8742), Services-Employment Agencies (7361)

akta.pro primary industry

Employee Benefits Brokerage & Consulting (FSAEADAC)

akta.pro secondary industries

Compensation, Benefits & Rewards Consulting (BPAHAGAF), Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ)

Keywords

• Employee benefits brokerage
• Property casualty insurance
• HR consulting services
• Payroll administration services
• Compliance advisory services

Headquarters

HQ city

Leawood

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Brokerage Commissions: Commission-based revenue from insurance carriers for placing business and personal insurance policies. Works with multiple A+-rated carriers to provide competitive quotes for clients.
2. HR Consulting & Placement Services: Fees for HR consulting services including staffing placement, project work, training, and HR concierge services for businesses looking to build HR infrastructure.
3. Payroll & Accounting Services: Monthly service fees for payroll administration, time and attendance management, HR capabilities, and accounting/bookkeeping services using InspireHCM platform.
4. Employee Benefits Consulting: Advisory fees and commissions for strategic planning, data analytics, pharmacy cost control, disease management, wellness programs, and benefits administration services.
5. Compliance Services: Fees for compliance audit, Affordable Care Act (ACA) compliance, and regulatory guidance services.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Bukaty Companies is an employee benefits and insurance brokerage firm providing employee benefits advisory, property & casualty insurance (commercial and personal lines), HR consulting, payroll & accounting, and regulatory compliance services. Their proprietary InspireHCM cloud-based platform integrates HR, payroll, time & attendance, and talent management capabilities. They serve thousands of clients nationally through dedicated risk advisors and consultants from offices in Kansas and Missouri.

Product overview

Bukaty Companies offers a comprehensive suite of insurance and consulting services organized around their flagship Inspire HCM technology platform. The core offering combines employee benefits advisory services with HR consulting, compliance support, and payroll & accounting services. Their product portfolio includes Inspire HCM (cloud-based HCM/payroll/time & attendance), employee benefits services (strategic planning, data analytics, pharmacy cost control, wellness, M&A services), business & personal insurance (commercial P&C and personal lines), HR consulting & training, compliance services, benefit administration (HSA/HRA/FSA/COBRA), and payroll & accounting. The Inspire HCM platform serves as the technological foundation for their HR and payroll offerings, integrating with third-party tools like Employee Navigator, Canopy, and Vertafore for enhanced functionality.

Differentiator

Problem solved

Functional benefit

Products and services

• Inspire HCM Cloud-based human capital management platform offering integrated HR, payroll, time and attendance, and talent management capabilities for businesses, including applicant tracking, onboarding, benefits and performance management, and workflow automation.
• Employee Benefits Advisory Comprehensive employee benefits advisory services for businesses including strategic planning, data analytics, pharmacy cost control, disease management and wellness programs, technology integration, employee engagement, worksite and international benefits, and M&A support.
• Business & Personal Insurance Property & casualty insurance brokerage covering commercial business insurance (restaurants, nonprofits, transportation, technology/cybersecurity, healthcare, professional services, retail/hospitality, construction, manufacturing) and personal insurance (home, auto, umbrella, life).
• HR Consulting & Training Human resources advisory services including project work, training programs, recruiting, HR placement, and HR concierge services to help businesses build and sustain HR infrastructure, develop policies, and manage talent.
• Compliance Services Regulatory compliance support including compliance check/audit services and Affordable Care Act (ACA) guidance for employers navigating healthcare and HR regulatory requirements.
• Benefit Administration Benefits administration services covering Health Savings Account (HSA), Health Reimbursement Arrangement (HRA), Flexible Spending Account (FSA), COBRA administration, and combined billing for employers.
• Payroll & Accounting Integrated payroll processing and accounting services including payroll administration, time & attendance management, human resource capabilities, and full accounting/bookkeeping services using the InspireHCM cloud platform.
• M&A Services Mergers and acquisitions advisory focused on employee benefits due diligence, including plan risks analysis, funding strategies, benefits/policy comparisons, and compliance requirements review.

Quantifiable outcome

• 96% five-year client retention rate
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core and minor.

• GM Peters AgencycoreStrategic or Co-development Partner · 1 January 2023GM Peters Agency, a risk management and insurance services agency with over 100 years of history, joined Bukaty Companies in 2023. The partnership complemented existing P&C division expertise and provided access to new risk markets for complex and difficult-to-place residential and commercial coverage.
• Kaw Valley InsuranceminorStrategic or Co-development PartnerDerek Dick of Kaw Valley Insurance joined Bukaty Companies, noting alignment in vision about employee benefits and shared commitment to taking care of clients with their best interest at heart.

Scale indicators6 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Lockton Companies: Privately held insurance brokerage offering employee benefits, P&C, and risk management. Closest direct comparable: similarly privately held, relationship-driven, with a top-decile US brokerage position; differs in scale (Lockton is significantly larger and more global).
• Brown & Brown: Public insurance broker offering employee benefits, P&C, and risk solutions across the US. Comparable in product mix (benefits + commercial insurance) and in serving middle-market clients; substantially larger and publicly traded.
• Hub International: PE-backed insurance brokerage acquired by Hub International Limited, offering employee benefits, P&C, and personal lines. Direct comparable in services, M&A-driven growth model, and PE ownership; larger in scale.
• USI Insurance Services: PE-backed insurance brokerage offering property & casualty, employee benefits, and personal lines. Highly comparable to Bukaty in services, middle-market focus, and PE-backed growth strategy; significantly larger scale.
• AssuredPartners: PE-backed insurance brokerage acquired by Arthur J. Gallagher. Closely comparable in services (P&C, benefits, personal lines), PE-backed roll-up model, and middle-market client focus.
• Acrisure: PE-backed, tech-enabled insurance brokerage. Comparable in employee benefits, P&C, and personal insurance offerings; differs in scale (among the largest US brokers) and tech-investment profile.
• OneDigital: PE-backed insurance, benefits, and HR consulting firm. Closely comparable in services (employee benefits, P&C, HR consulting, payroll), middle-market focus, and PE-backed roll-up model.

Broad incumbents

• Marsh McLennan (Marsh, Mercer): Global insurance brokerage and advisory giant operating Marsh, Mercer, Oliver Wyman, and Guy Carpenter. Overlaps in employee benefits consulting (Mercer) and commercial insurance brokerage (Marsh); vastly larger scale and global footprint.
• Arthur J. Gallagher & Co. Large public insurance broker and risk management services firm. Overlaps in employee benefits brokerage, commercial P&C, and HR consulting adjacencies; substantially larger and more diversified globally.

Emerging players

• CBIZ: Public professional services firm offering benefits, insurance, payroll, and HR consulting. Comparable service mix to Bukaty (benefits + payroll + HR consulting) with public-company discipline; larger and more diversified.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bukatycompanies
• LinkedInlinkedin.com/company/bukaty-companies
• Instagraminstagram.com/bukatycompanies
• Xx.com/BukatyCompanies

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bukaty Companies