Ryan Specialty Group Acquires New York’s Superior Payment Plan

Ryan Specialty Group LLC (RSG) has acquired the assets and operations of Superior Payment Plan LLC, a premium finance company based in Depew, N.Y. Terms of the agreement were not shared.

Following the transaction, Superior’s operations will become part of Stetson Insurance Funding LLC, a wholly owned subsidiary of RSG and a licensed premium finance company.

Stetson is a Delaware limited liability company and provides a 50-state financing solution for commercial insurance risks through its relationships with third party capital providers.

Source: Ryan Specialty Group LLC

Topics Mergers & Acquisitions New York