International specialty insurer Ryan Specialty Group (Ryan Specialty) has today announced the acquisition of Crouse and Associates (Crouse), a wholesale broker with deep expertise in transportation insurance.
The Crouse team has now joined RT Specialty, the wholesale brokerage division of Ryan Specialty, bringing specialists in transportation, excess and general liability, as well as other property and casualty risks.
Crouse was founded in 1975 and is headquartered in San Francisco, CA, with additional offices throughout California, Oregon, and Texas. Over 40 years, the brokerage has become known for its strong service and execution on behalf of its retail and carrier trading partners.
“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,” said Tim Turner, chairman and CEO of RT Specialty, and president of Ryan Specialty.
“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.”
Greg Crouse, CEO of Crouse and Associates, said the Crouse team is “thrilled” to team up with “the extraordinary talent of RT Specialty”.
He added: “The combination of RT’s distribution with Crouse’s expertise in transportation and other lines of business creates a significant strategic advantage with our new alliance. We are very much looking forward to the future as RT Specialty.”
Terms of the transaction have not been disclosed. Waller Helms Advisors served as exclusive financial advisor to Crouse and Associates.