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New Deal


Announced

Ryan Specialty to acquire Socius Insurance from Abry Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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insurance broker

Pending

Private

Friendly

United States

Insurance Brokers

Acquisition

Domestic

Majority

Single Bidder

Private Equity

Synopsis

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Ryan Specialty, an international specialty insurance firm, agreed to acquire Socius Insurance, a wholesale insurance broker, from Abry Partners, an investment company. Financial terms were not disclosed. “We are thrilled to have the high-quality Socius team join Ryan Specialty. We have known them for many years and admire their professional approach to the business, technical acumen, and phenomenal execution. We look forward to embracing these talented individuals and providing even more opportunities to them as they become a part of the RT Specialty platform," Tim Turner, Ryan Specialty President.

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