Ryan Specialty Group LLC said Friday it has agreed to acquire the assets and operations of Houston-based wholesale insurance brokerage Myron F. Steves & Co., expanding its presence in Texas.
Terms of the transaction were not disclosed.
In a statement, Chicago-based Ryan Specialty Group said the Myron Steves team will become part of its wholesale brokerage unit R-T Specialty LLC and will strengthen its presence in Dallas and Houston while establishing offices in Austin and San Antonio, Texas.
Founded in 1955, Myron Steves offers commercial property/casualty, professional liability, health care, transportation and personal lines, said Ryan Specialty in the statement.