Sidley Represents Ryan Specialty in Its US$1.1 Billion Acquisition of US Assure

Sidley is representing Ryan Specialty (NYSE: RYAN), a specialty insurance provider, wholesale broker, and managing underwriter, in its acquisition of US Assure Insurance Services of Florida, Inc., a provider of builder’s risk insurance for residential and commercial construction and renovations — in the SME segment of the builders risk insurance market — for approximately US$1.075 billion in cash and up to an additional US$400 million, to the extent certain financial performance targets are achieved during a three-year period following the acquisition. The acquisition will make US Assure a part of Ryan’s Specialty Underwriting Managers business unit.
 
The Sidley team is being led by Matthew D. Stoker and Gary D. Gerstman (M&A and Private Equity), and included Sylonda E. Lang, Danielle N. Sismour, Alexandra I. Rios, Taylor B. Shuman, and Leah M. Cable (M&A and Private Equity); Christophe H. Burusco, Scott J.F. Goldstein, and Riley E. Arnold (Insurance); Christian E. Pilhofer, Karim S. Pirani, Tom Topping, and Alexandra B. Green (Employee Benefits and Executive Compensation); Andrew W. Shoyer, Carys Golesworthy, and Allison V. Reading (Global Arbitration, Trade and Advocacy); Kendra Smith (Global Finance); Natalie C. Chan, Emily M. Wajert, and Sara E Salmonson (Labor and Employment); Sheri Porath Rockwell and Sasha Hondagneu-Messner (Privacy and Cybersecurity); Elizabeth K. McCloy, Brandon Bryer, and Margaret Whalen (Real Estate); Suresh T. Advani and Wondha Cadet (Tax); and E. Kyle Barnett and Ida Ebeid (Technology and Life Sciences Transactions).