Abry Partners and BHMS Announce Sale of Innovisk to Ryan Specialty
Ryan Specialty (NYSE: RYAN) has acquired Innovisk from Abry Partners and BHMS Investments. Founded in 2017, Innovisk operates as a portfolio of seven specialty MGUs, offering services in environmental, transactional liability, financial lines, professional liability, commercial auto liability, and UK professional indemnity and P&C. The company maintains offices in London, United States, and India. Under Abry and BHMS ownership since 2021, Innovisk has experienced strong organic growth and expanded its global presence. The acquisition aims to enhance Ryan Specialty's product innovation and market diversification capabilities.
Ryan Specialty (NYSE: RYAN) ha acquisito Innovisk da Abry Partners e BHMS Investments. Fondata nel 2017, Innovisk opera come un portafoglio di sette MGU specializzate, offrendo servizi in responsabilità ambientale, responsabilità transazionale, linee finanziarie, responsabilità professionale, responsabilità auto commerciale e indennità professionale e P&C nel Regno Unito. L'azienda ha uffici a Londra, negli Stati Uniti e in India. Sotto la proprietà di Abry e BHMS dal 2021, Innovisk ha registrato una forte crescita organica e ha ampliato la sua presenza globale. L'acquisizione mira a migliorare le capacità di innovazione di prodotto e diversificazione di mercato di Ryan Specialty.
Ryan Specialty (NYSE: RYAN) ha adquirido Innovisk de Abry Partners y BHMS Investments. Fundada en 2017, Innovisk opera como un portafolio de siete MGUs especializadas, ofreciendo servicios en responsabilidad ambiental, responsabilidad transaccional, líneas financieras, responsabilidad profesional, responsabilidad de auto comercial e indemnización profesional y P&C en el Reino Unido. La empresa tiene oficinas en Londres, Estados Unidos e India. Bajo la propiedad de Abry y BHMS desde 2021, Innovisk ha experimentado un fuerte crecimiento orgánico y ha ampliado su presencia global. La adquisición tiene como objetivo mejorar las capacidades de innovación de productos y diversificación de mercado de Ryan Specialty.
라이언 스페셜티 (NYSE: RYAN)가 아브리 파트너스와 BHMS 투자가로부터 이노비스크를 인수했습니다. 2017년에 설립된 이노비스크는 환경, 거래 책임, 재무 라인, 전문 책임, 상업 자동차 책임, 그리고 영국의 전문 보상 및 P&C를 포함한 7개의 전문 MGU 포트폴리오로 운영됩니다. 회사는 런던, 미국, 그리고 인도에 사무소를 두고 있습니다. 2021년부터 Abry와 BHMS의 소유 하에 있는 이노비스크는 강력한 유기적 성장과 글로벌 입지 확장을 경험했습니다. 이번 인수는 라이언 스페셜티의 제품 혁신 및 시장 다변화 능력을 강화하는 것을 목표로 하고 있습니다.
Ryan Specialty (NYSE: RYAN) a acquis Innovisk auprès d'Abry Partners et de BHMS Investments. Fondée en 2017, Innovisk fonctionne comme un portefeuille de sept MGUs spécialisés, offrant des services en matière de responsabilité environnementale, de responsabilité transactionnelle, de lignes financières, de responsabilité professionnelle, de responsabilité automobile commerciale et d'indemnisation professionnelle et P&C au Royaume-Uni. La société dispose de bureaux à Londres, aux États-Unis et en Inde. Sous la propriété d'Abry et de BHMS depuis 2021, Innovisk a connu une forte croissance organique et a élargi sa présence mondiale. L'acquisition vise à améliorer les capacités d'innovation produit et de diversification du marché de Ryan Specialty.
Ryan Specialty (NYSE: RYAN) hat Innovisk von Abry Partners und BHMS Investments übernommen. Innovisk wurde 2017 gegründet und fungiert als Portfolio von sieben spezialisierten MGUs, die Dienstleistungen in den Bereichen Umwelt, Transaktionshaftung, Finanzlinien, Berufshaftung, gewerbliche Autohaftung sowie britische Berufshaftung und P&C anbieten. Das Unternehmen hat Büros in London, den Vereinigten Staaten und Indien. Unter dem Eigentum von Abry und BHMS seit 2021 hat Innovisk ein starkes organisches Wachstum erfahren und seine globale Präsenz ausgebaut. Die Übernahme zielt darauf ab, die Produktinnovationen und Marktdiversifizierungsmöglichkeiten von Ryan Specialty zu verbessern.
- Strong organic growth reported since 2021
- Diversified portfolio across seven specialty insurance segments
- Global presence with offices in multiple countries
- Enhanced market position through strategic acquisition by Ryan Specialty
- None.
Insights
This acquisition strategically enhances Ryan Specialty's market position in specialty insurance. Innovisk's portfolio of seven specialty MGUs brings significant value through diversification across environmental, transactional liability, financial lines and other key segments. The deal strengthens Ryan's international presence, particularly in London markets.
The target company shows strong fundamentals with robust organic growth since 2021. Their technology-driven approach and focus on underwriting quality align well with industry trends toward digital transformation. The acquisition provides Ryan Specialty immediate access to new product lines and established carrier relationships, accelerating their market expansion strategy.
While financial terms weren't disclosed, the involvement of reputable PE firms Abry Partners and BHMS suggests a well-developed operation. The deal's timing amid market hardening in specialty insurance segments indicates potential for immediate value creation through cross-selling and operational synergies.
Innovisk was founded in 2017 and consists of a diverse, non-correlated portfolio of seven highly regarded specialty MGUs. Innovisk's lines of business include environmental, transactional liability,
Commenting on Innovisk, Tim Turner, CEO of Ryan Specialty, said, "We have tremendous respect for Innovisk. Their outstanding management team has demonstrated a differentiated value proposition to brokers, agents and carriers, and their underwriting talent is among the best in the industry. At Ryan Specialty, we see new product innovation and diversification as essential components of the value that we bring to our clients and trading partners. Innovisk clearly shares this view and has made the critical investments to be able to not only launch new products but bring those products to market quickly."
David Thomas, CEO of Innovisk, stated, "Ryan Specialty has the right leadership and platform to accelerate the growth of our exceptional business lines while offering significant ongoing opportunities to our employees. With the shared mission to innovate where there is need and service clients and trading partners at the highest level, the addition of our team to RSUM will be smooth and empowering for our teammates. We have watched Ryan Specialty grow and earn the reputation as a specialty insurance leader, and we couldn't be more excited to join this widely respected firm. I would like to thank Abry and BHMS for their collaborative partnership, aligning early on our vision, then offering strategic insights to drive thoughtful execution throughout a three-year journey."
Today's announcement is evidence of Innovisk's strength and success to date. "The Innovisk team has built a differentiated platform focused on underwriting quality, enhanced by industry-leading data and technology and backed by a world-class panel of insurance carrier partners," said Nathan Ott, Partner at Abry Partners. Innovisk has experienced strong organic growth since Abry and BHMS invested in 2021. With the support of Abry and BHMS' deep insurance domain expertise and robust operating resources, Innovisk expanded its global reach and made significant investments to accelerate growth.
Vidur Khatri, Principal, Abry Partners, added, "During our partnership with Innovisk, we have seen consistent execution and dramatic growth. In combination with Ryan Specialty, we are confident that Innovisk is poised to achieve its highest ambitions. We wish the Innovisk team continued success."
Kevin Angelis, Managing Partner at BHMS, added, "We had the privilege of partnering with David Thomas and the exceptional team at Innovisk, immediately aligning with their vision and ambition. Their commitment to delivering a culture of world-class underwriting by leveraging innovative technology has been instrumental in building a winning formula. We're proud to have contributed to Innovisk's development, and this transaction is an excellent step for the company, unlocking new opportunities for the platform."
Ardea Partners served as financial advisor to Innovisk, with Kirkland & Ellis LLP and Hill Dickinson LLP acting as legal counsel to Abry, BHMS, and Innovisk.
About Innovisk
Headquartered in
About Abry Partners
Abry Partners is one of the most experienced and successful sector-focused private equity investment firms in
About BHMS
BHMS is a private investment firm focused on the North American middle market. The firm was founded in 2010 and is based in Westport, CT. BHMS invests in a variety of control and structured equity opportunities ranging from consolidation strategies to conventional leveraged buyouts. The firm focuses on industries in which it has deep experience and relationships including business & insurance services. BHMS is currently deploying capital from its most recent fund, which it closed in July 2024. For more information about BHMS, visit bhmsinvestments.com.
About Ryan Specialty
Founded in 2010, Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents and carriers. Ryan Specialty provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers. Ryan Specialty's mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents and carriers. For more information, visit ryanspecialty.com.
Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334
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SOURCE ABRY Partners
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