Ryan Specialty Acquires Certain Assets of ACE Benefit Partners
June 6, 2023
Ryan Specialty (NYSE: RYAN) signed a definitive agreement to acquire certain assets of ACE Benefit Partners, a medical stop loss general agent headquartered in Eagle, Idaho. The deal (terms undisclosed) is intended to expand Ryan Specialty Benefits’ medical stop loss distribution capabilities and establish a nationwide presence; the acquisition was expected to close in July 2023.
- Buyers
- Ryan Specialty
- Targets
- ACE Benefit Partners, Inc.
- Sellers
- ACE Benefit Partners, Inc.
- Industry
- Insurance
- Location
- Idaho, United States
- Transaction Type
- Buyout
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