Ryan Specialty Holdings, Inc. completed the acquisition of certain assets of Griffin Underwriting Services for approximately $120 million.
January 02, 2023
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Ryan Specialty Holdings, Inc. (NYSE:RYAN) signed a definitive agreement to acquire certain assets of Griffin Underwriting Services on December 11, 2022. Griffin generated approximately $23 million of revenue for the 12 months ended November 30, 2022. The acquisition is expected to close in January 2023. Dowling Hales acted as the exclusive financial advisor to Griffin. Gary D. Gerstman and Matthew Stoker of Sidley Austin LLP acted as the legal advisor to Ryan Specialty Holdings, Inc.
Ryan Specialty Holdings, Inc. (NYSE:RYAN) completed the acquisition of certain assets of Griffin Underwriting Services for approximately $120 million on January 3, 2023.
Ryan Specialty Holdings, Inc. is a service provider of specialty products and solutions for insurance brokers, agents, and carriers. The Company provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers. For retail insurance brokers, it assists in the placement of complex or otherwise hard-to-place risks. For insurance carriers, it works with retail and wholesale insurance brokers to source, onboard, underwrite, and service these same risks. The Companyâs Wholesale Brokerage Specialty operates predominantly under the brand RT Specialty along with others, such as RT ProExec and CERT. Its Binding Authority Specialty operates under the RT Specialty and RT Binding Authority brands. Its Underwriting Management Specialty operates under multiple brands, which are collectively referred to as Ryan Specialty Underwriting Managers.
RYAN SPECIALTY HOLDINGS, INC. 
