secwatch.observer — SEC 8-K summary
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Issuer:     RYAN SPECIALTY HOLDINGS, INC. (RYAN)
CIK:        0001849253
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000950170-24-089273
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ryan Specialty to acquire US Assure for ~$1.075B plus up to $400M earnout
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- Acquisition of US Assure for $1.075B in cash plus up to $400M earnout based on 3-year performance targets.
- Expected to close Q3 2024; US Assure will become part of Ryan Specialty Underwriting Managers.
- Financing includes $500M bridge loan and revolver upsized from $600M to $1.4B.
- US Assure is a builder's risk program with 20,000+ active agents and proprietary technology platform.
- Zurich American remains the carrier providing same program capacity and underwriting guidelines.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849253/000095017024089273/0000950170-24-089273-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849253/000095017024089273/ryan-20240730.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-089273

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer