Onex Makes Growth Investment in Ryan Specialty Group

Onex Acquires 42% Stake in Ryan, LLC

October 17, 2018

Accounting & Tax

Onex Corporation acquired a 42% interest in Ryan, LLC for $317 million, valuing the Dallas-based global tax services and software provider at approximately $1.1 billion. The minority investment will support Ryan's continued expansion of service lines and global growth while partnering with founder and CEO G. Brint Ryan and the existing management team.

Ares Management and Onex Partners Invest in Ryan, LLC at $2.5B Valuation

May 26, 2022

Accounting & Tax

A private-equity fund managed by Ares Management committed to acquire a significant minority equity stake in Ryan, LLC, valuing the tax services and software firm at $2.5 billion. The investment is being made in partnership with Ryan's management team and existing investor Onex Partners, which will retain a significant minority interest; proceeds will support growth, technology transformation, and continued expansion.

Ryan Specialty Group Merges with All Risks, Ltd.

June 23, 2020

Insurance

Ryan Specialty Group (RSG) and All Risks, Ltd. signed a definitive agreement to merge, combining RSG's international specialty insurance platform with All Risks' national wholesale brokerage and managing general agency capabilities. RSG is headquartered in Chicago and is approaching $12 billion in premium in 2020; All Risks is headquartered in Delray Beach, Florida with over 850 employees and projecting $2.6 billion in premium in 2020. Terms were not disclosed.

Onex Partners V Makes Equity Investment in Wealth Enhancement Group

October 1, 2021

Financial Services

Onex Partners V, together with certain co-investors including Onex Corporation, completed an equity investment in Wealth Enhancement Group (WEG), joining existing investor TA Associates as equal capital partners. The transaction (Onex's share ~US$250 million) will support WEG's next stage of organic growth and M&A expansion while the firm remains privately held under its existing management team.

Ryan Specialty Acquires Certain Assets of Griffin Underwriting Services

December 11, 2022

Insurance

Ryan Specialty (NYSE: RYAN) signed a definitive agreement to acquire certain assets of Griffin Underwriting Services, a Bellevue, Washington-based binding authority specialist and wholesale insurance broker. The deal expands Ryan Specialty's specialty offerings in the Pacific Northwest and strengthens its national binding authority capabilities; Griffin generated about $23 million of revenue for the 12 months ended November 30, 2022.

Onex Acquires Majority Stake in OneDigital from New Mountain Capital

October 8, 2020

Insurance

Onex Corporation (the Onex Group) agreed to acquire a majority ownership stake in OneDigital from New Mountain Capital, with the transaction valuing OneDigital at $2.65 billion and including an approximate $960 million equity investment by Onex. OneDigital, a leading U.S. employee benefits brokerage and retirement/wealth advisory firm headquartered in Atlanta with more than 2,000 employees, will have Onex and employees owning roughly 83% upon closing; New Mountain will sell down its position. The deal is expected to close in late 2020 pending customary approvals, including HSR clearance.