Ryan Specialty could pay up to $1.5bn on “immediately accretive” US Assure deal

Published: Tue 20 Aug 2024

Ryan Specialty has paid $1.075bn up front for US Assure, or 12.8x its trailing 12 months Ebitda, with consideration potentially rising to $1.475bn for the builder’s risk specialist in a transaction hailed as the most significant enhancement to its programs business since it acquired All Risks in 2020.