Ryan Specialty to acquire $19 million revenue MGA and broker JM Wilson

By Michael Loney

June 5 - (The Insurer) - Ryan Specialty has signed a definitive agreement to acquire the business of JM Wilson Corporation, a Michigan-based MGA and surplus lines broker.

JM Wilson generated $19 million of operating revenue for the 12 months ended January 31, 2025.

The transaction is expected to close in the third quarter of this year. Its terms were not disclosed.

JM Wilson was founded in 1920, and has six offices in the U.S. The company’s products range from personal lines to surety.

Ryan Specialty said that JM Wilson is particularly well known for its transportation expertise, and that its success in the difficult class of transportation is a result of its historical underwriting profitability allowing it to maintain multi-decade relationships with high quality carriers.

JM Wilson’s operations will become a part of RT Binding Authority, the binding authority specialty of Ryan Specialty.

Ed McCormack, CEO of RT Specialty, said the JM Wilson team “fills a critical need for RT Specialty, giving us a more robust Midwest binding authority presence and strengthening our transportation practice.”

Philo Smith served as exclusive financial advisor to JM Wilson.

The transaction is the latest in a series of acquisition announcements from Ryan Specialty.

This includes the acquisitions of Dublin-based MGU 360 Underwriting in May and of alternative risk and facilities underwriter USQRisk Holdings in April in a roughly $30.5 million cash deal.

RT Specialty on Thursday also announced it has hired former Flow Specialty executive David Derigiotis to lead its newly opened Detroit office.