Crouse and Associates, a transportation specialist, has been acquired by Ryan Specialty Group, a leading international specialty insurance firm. Crouse is headquartered in San Francisco, California, and has offices throughout California, Oregon, and Dallas, Texas. The Crouse team has joined RT Specialty, Ryan Specialty’s wholesale brokerage division, expanding the firm’s transportation offering.
Crouse, which was founded in 1975, is well-known for providing exceptional service and execution on behalf of its retail and carrier trading partners. Crouse specializes in Excess and General Liability, as well as other Property and Casualty risks, in addition to transportation.
Tim Turner, Chairman and CEO of RT Specialty and President of Ryan Specialty, commented on Crouse’s addition to the RT Specialty family, saying, “We are very excited to have the Crouse team join our family. The Crouse producers and underwriters are some of our industry’s best and greatly enhance our transportation platform. Our practice group verticals have proven to be a successful differentiator. This structure aligns with our clients’ organizations, thereby enabling them to seamlessly deploy the deepest pool of expertise for their insureds. Crouse’s West Coast position complements our existing offerings and provides RT Specialty with a national footprint in this sector.”
“We are thrilled to be partnering with the extraordinary talent of RT Specialty,” said Greg Crouse, CEO of Crouse and Associates. The combination of RT’s distribution with Crouse’s expertise in transportation and other lines of business creates a significant strategic advantage with our new alliance. We are very much looking forward to the future as RT Specialty.”
Crouse’s revenue for the fiscal year ending November 30, 2021 was approximately $26 million.
The transaction’s terms were not disclosed.
Crouse and Associates’ sole financial advisor was Waller Helms Advisors.