Ryan Specialty to acquire $40mn-revenue wholesaler Socius from Abry Partners
Ryan Specialty has sealed a takeover deal with private equity house Abry Partners to buy the wholesale broker Socius Insurance Services.
Based in Northern California, Socius generated approximately $40mn of revenue for the 12 months through April 30.
Founded in 1997, Socius provides management, professional and cyber liability, as well as P&C insurance.
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