R-T Specialty Buys Southeast Wholesaler McAuley Woods

R-T Specialty, LLC, the wholesale brokerage unit of Ryan Specialty Group, LLC, has acquired McAuley Woods & Associates. Headquartered in Palm Beach, Florida, McAuley Woods is a wholesale insurance brokerage that also has offices in Charlottesville, Virginia and Nashville, Tennessee. These offices are part of the sale.

Bob McAuley and Loti Woods, co-presidents and co-chief operating officers of McAuley Woods, will remain with the organization.

R-T Specialty is a new venture, part of Chicago-based Ryan Specialty Group, founded by former Aon founder and CEO Pat Ryan in December, 2009.

R.T. Specialty is headed by Tim Turner, formerly president of CRC, a national wholesaler and subsidiary of BB&T.

Turner said the acquisition will “significantly strengthen” his firm’s presence in the Southeast.

Topics Mergers & Acquisitions Excess Surplus