Ryan Insurance snags two insurance agencies in back-to-back deals
Ryan Insurance coverage – a Pittsburg, KS-based impartial insurance coverage company and Acrisure companion – has introduced its acquisition of two different insurance coverage companies in Kansas: Fox Insurance coverage Company in Arma, KS and Schroeder Company in Pittsburg, KS.
“Each these companies have served this group nicely for years, and we take the duty of continuous to serve these clients severely,” stated Ryan Insurance coverage vp and company companion Wallace Wilson. “We stay up for constructing robust relationships with them and increasing extra assets accessible to them by our relationship with Acrisure.”
Fox Insurance coverage has been in enterprise since 1923. In response to Ryan Insurance coverage, the Fox Insurance coverage group will keep its employees and enterprise operations throughout the Arma, KS group.
“Ryan Insurance coverage brings a wealth of information and assets, and we’re trying ahead to the subsequent chapter,” stated Fox Insurance coverage proprietor Rob Reduce. “Fox Insurance coverage and Ryan Insurance coverage have been in enterprise for over a mixed 150 years, and we stay up for persevering with to serve our neighbors with integrity for many years to come back.”
Learn extra: Insurance M&A deals up in Q2
In response to monetary advisory agency Sica | Fletcher, the second quarter of 2022 noticed a 74% improve in insurance coverage company acquisitions over the primary quarter. For the quarter, Acrisure was the second main acquirer behind PCF, which led the listing with 54 offers.
