Ryan Specialty Group Announced Agreement to Acquire Lodestar Marine

On 02/13/18, Ryan Specialty Group announced an agreement to acquire Lodestar Marine

• Acquired from Tawa Associates Limited (TAL)
• The transaction closed on June 4, 2018

Lodestar operates within RSG Underwriting Managers (RSGUM)

• RSG’s managing general underwriting division

Lodestar is a U.K. based Fixed Premium Protection & Indemnity MGA

• Formed in 2011 by a team of seasoned Fixed Premium P&I experts
• Provides a service-driven alternative to the International Group of P&I Clubs
• Limits of up to $1bn are provided by RSA, Lloyd’s and the company market

Ryan Specialty Group is an international insurance services holding company

• Provides innovative solutions for brokers, agents and carriers
• Comprised of two core business operations
  • RSG Underwriting Managers: Collection of MGU companies
  • Ryan Turner Specialty: Wholesale brokerage segment

TCMA acted as exclusive financial advisor to TAL; key transaction steps led by TCMA included:

• Assisting in valuation analysis
• Identifying potential acquirors
• Leading a focused auction process
• Assisting to TAL in negotiation of final transaction terms and conditions
• Providing objective advice and acting as a sounding board to the seller throughout the process

Further solidified TCMA’s position as a leading advisor in MGA sell-side M&A