Ryan Specialty (RYAN) announced that it has signed a definitive agreement to acquire the business of J.M. Wilson Corporation. JM Wilson is based in Michigan and its operations will become a part of RT Binding Authority, the binding authority specialty of Ryan Specialty. Founded in 1920, JM Wilson has six offices throughout the United States. The business has a broad offering, including products ranging from personal lines to surety and is particularly well known for their transportation expertise. JM Wilson’s success in the difficult class of transportation is a result of the business’ historical underwriting profitability, which has allowed JM Wilson to maintain multi-decade relationships with high quality carriers. JM Wilson generated approximately $19 million of operating revenue for the 12 months ended January 31, 2025. Terms of the deal were not disclosed. The transaction is expected to close in the third quarter of 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RYAN:
- Ryan Specialty Group Approves Key Governance Amendments
- Ryan Specialty Group: Strategic Positioning and Growth Potential Justify Buy Rating
- Ryan Specialty acquires 360 degrees Underwriting, terms undisclosed
- Ryan Specialty price target raised to $80 from $78 at Morgan Stanley
- Ryan Specialty upgraded to Buy from Neutral at Goldman Sachs