Chicago-based Ryan Specialty Group has agreed to acquire the assets and operations of Myron F. Steves & Co., an independently owned wholesale insurance brokerage headquartered in Houston, Texas, with additional offices in Austin, Dallas and San Antonio.
The Myron Steves team will become part of R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, and will expand the company’s presence in Texas, both in strengthening RT’s presence in Dallas and Houston and in establishing offices in Austin and San Antonio.
Founded in 1955, Myron Steves’ specialties include commercial property/casualty, professional liability, healthcare, transportation and personal lines.
Terms of the transaction were not disclosed.
Source: Ryan Specialty Group LLC
Topics Mergers & Acquisitions Texas
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