M&A Deal Summary

Ryan Specialty Group Acquires Griffin Underwriting Services

On December 11, 2022, Ryan Specialty Group acquired insurance company Griffin Underwriting Services

Acquisition Highlights
  • This is Ryan Specialty Group’s 17th transaction in the Insurance sector.
  • This is Ryan Specialty Group’s 12th transaction in the United States.
  • This is Ryan Specialty Group’s 1st transaction in Washington.

M&A Deal Summary
Date 2022-12-11
Target Griffin Underwriting Services
Sector Insurance
Buyer(s) Ryan Specialty Group
Deal Type Add-on Acquisition
Advisor(s) Dowling & Hales (Financial)

Target

Griffin Underwriting Services

Bellevue, Washington, United States
Griffin Underwriting Services is a binding authority specialist and wholesale insurance broker. Griffin Underwriting Services was founded in 1928 and is based in Bellevue, Washington.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 17 of 24
Sector (Insurance) 17 of 22
Type (Add-on Acquisition) 12 of 19
State (Washington) 1 of 1
Country (United States) 12 of 17
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Centurion

Tustin, California, United States

Centurion is a professional lines wholesale insurance broker. Centurion is based in Tustin, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-23 Socius

San Francisco, California, United States

Socius is a property/casualty and management liability wholesale broker based in San Francisco, with regional offices in Los Angeles; Elgin, IL; Birmingham, AL; Austin, TX; Tampa and Miami, FL; Philadelphia; and Summit, NJ. Socius specializes in D&O, E&O, EPL, Cyber, Property & Casualty, and Umbrella coverages. Socius was founded in 1997 and is based in San Francisco, California.

Buy -
Mergr

Product

Company

Legal