M&A Deal Summary |
|
|---|---|
| Date | 2023-05-23 |
| Target | Socius |
| Sector | Insurance |
| Buyer(s) | Ryan Specialty Group |
| Sellers(s) | ABRY Partners |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 2010 |
| Sector | Insurance |
| Employees | 4,401 |
| Revenue | 2.1B USD (2023) |
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 | 18 of 24 |
| Sector (Insurance) | 18 of 22 |
| Type (Add-on Acquisition) | 13 of 19 |
| State (California) | 3 of 3 |
| Country (United States) | 13 of 17 |
| Year (2023) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-11 |
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. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-06 |
ACE Benefit Partners
Eagle, Idaho, United States ACE Benefit Partners is a medical stop-loss general agent. ACE Benefit Partners was founded in 2014 and is based in Eagle, Idaho. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 12.8B USD |
| Size | Mega |
| Type | Sector Focused |
ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 99 of 103 |
| Sector (Insurance) | 7 of 7 |
| Type (Add-on Acquisition) | 51 of 53 |
| State (California) | 13 of 13 |
| Country (United States) | 86 of 88 |
| Year (2023) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-16 |
Reward Gateway
London, United Kingdom Reward Gateway offers a leading SaaS employee engagement platform that centralizes employee reward and recognition, discounts, communications, surveys, wellbeing, and flexible benefits. Its strategic products support companies with today’s most difficult people challenges, such as the digitization of the workplace, attracting and retaining talent, aligning and supporting remote workforces, and handling complex cultural issues. Reward Gateway was formed in 2006 and is based in London. |
Sell | £1.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-12 |
Prime Capital Investment Advisors
Overland Park, Kansas, United States Prime Capital Investment Advisors provides a client-centric team approach to full-service financial planning, including fee-based asset management and wealth management through its Prime Capital Wealth Management brand. Through its Qualified Plan Advisors brand, the firm also provides retirement plan advisory services, as well as plan participant education. PCIA currently has 51 locations throughout the United States, with investment advisor representatives serving clients across the nation. Prime Capital Investment Advisors is based in Overland Park, Kansas. |
Buy | - |
