Ryan Specialty Group acquires transportation specialist Crouse and Associates

Ryan Specialty Group (NYSE:RYAN) has acquired San Francisco, California-based transportation wholesaler Crouse and Associates.
Terms of the transaction were not disclosed.
Founded in 1975, Crouse specializes in transportation, Excess and General Liability, as well as other Property and Casualty risks. The business generated ~$26M of revenue for the twelve months ended November 30, 2021.
The Crouse team has become a part of Ryan Specialty's wholesale brokerage division, RT Specialty. The acquisition deepens the firm's transportation offering.
Commenting on Crouse joining RT Specialty, Tim Turner, Chairman and CEO of RT Specialty, and President of Ryan Specialty, said, "We are very excited to have the Crouse team join our family. The Crouse producers and underwriters are some of our industry’s best and greatly enhance our transportation platform. Our practice group verticals have proven to be a successful differentiator. This structure aligns with our clients’ organizations, thereby enabling them to seamlessly deploy the deepest pool of expertise for their insureds. Crouse’s West Coast position complements our existing offerings and provides RT Specialty with a national footprint in this sector."