M&A Deal Summary

Ryan Specialty Group Acquires Crouse and Associates

On December 1, 2021, Ryan Specialty Group acquired insurance company Crouse and Associates

Acquisition Highlights
  • This is Ryan Specialty Group’s 14th transaction in the Insurance sector.
  • This is Ryan Specialty Group’s 9th transaction in the United States.
  • This is Ryan Specialty Group’s 1st transaction in California.

M&A Deal Summary
Date 2021-12-01
Target Crouse and Associates
Sector Insurance
Buyer(s) Ryan Specialty Group
Deal Type Add-on Acquisition
Advisor(s) Waller Helms Advisors (Financial)

Target

Crouse and Associates

San Francisco, California, United States
Crouse and Associates is an independent wholesale insurance broker that has been working with regional retailers for over 35 years. It specializes in E&S business, including Casualty, Environmental, Property (DIC), Transportation, Professional, and Excess. Crouse and Associates was formed in 1975 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Ryan Specialty Group

Chicago, Illinois, United States
Category Company
Founded 2010
Sector Insurance
Employees4,401
Revenue 2.1B USD (2023)
DESCRIPTION

Ryan Specialty Group is an international specialty insurance organization, which includes a wholesale brokerage firm (RT Specialty) and an underwriting management organization (RSG Underwriting Managers), comprised of 22 individual underwriting companies. Ryan Specialty Group was formed in 2010 and is based in Chicago, Illinois.

DEAL STATS #
Overall 14 of 24
Sector (Insurance) 14 of 22
Type (Add-on Acquisition) 10 of 19
State (California) 1 of 3
Country (United States) 9 of 17
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 Oxford Insurance Services

Houston, Texas, United States

Oxford Insurance Services LLC is a wholesale insurance brokerage company and specializes in Energy, Construction, Environmental, and other complementary markets. Oxford Insurance Services LLC was founded in 2005 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 Keystone Risk Partners - Assets

Media, Pennsylvania, United States

Keystone Risk Partners' Assets provide insurance services.

Buy -
Mergr

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