Ryan Specialty to acquire MGA, wholesaler J.M. Wilson

Ryan Specialty Holdings Inc. announced Thursday it signed a definitive agreement to acquire managing general agency and insurance wholesaler J.M. Wilson.

Terms of the agreement were not disclosed.

J.M. Wilson generated $19 million of operating revenue for the 12 months ending Jan. 31 and will become part of Ryan Specialty’s RT Binding Authority, the firm said in its announcement.

Portage, Michigan-based J.M. Wilson, founded in 1920, is known for its expertise in transportation and offers products ranging from personal lines to surety. It has six offices across the U.S., Ryan Specialty said.

The deal is expected to close in the third quarter.