Mar 23, 2016 – RT Specialty to acquire New York City based Hartan
RT Specialty to Acquire Hartan Brokerage
March 23, 2016, CHICAGO, IL – R-T Specialty, LLC (RT Specialty), the wholesale
brokerage unit of Ryan Specialty Group, LLC, has announced it has reached agreement
to acquire substantially all of the assets of Hartan Brokerage, a wholesale insurance
brokerage operation based in New York, NY
Established in 1986, Hartan Brokerage has established itself as a premium wholesale
broker and Managing Underwriting Agent and has been assisting the agency and broker
retail community with carrier solutions and proprietary products since its inception.
Hartan is a nimble, service-oriented organization with regional focus that maximizes
national leverage for their clients.
RT Specialty Chairman and CEO, Timothy W. Turner said, “Ed has built a superior
wholesale brokerage operation and MGA that will enhance our presence in New York.
We are thrilled to have Ed and his dynamic team join us at RT Specialty.”
Ed Pray, President of Hartan Brokerage, remarked, “We could not be happier and more
excited to be part of RT Specialty. I believe our combined team in New York has no
equal. As President of RT NY, I look forward to expanding our capabilities by attracting
new talent and offering our retail clients the best products and service available in the
marketplace. In keeping with the tradition that Hartan has established combined with the
strength and scope of RT Specialty, we will continue to provide creative solutions for our
retail clients. In short, it is a perfect fit, and we look forward to being part of the RT
Terms of the transaction were not disclosed.
For more information on this release, please contact Tara Shertenlieb: 816-412-7564
About RT Specialty:
R-T Specialty, LLC (RT), a subsidiary of Ryan Specialty Group, LLC, provides
wholesale brokerage and other services to agents and brokers. RT is a Delaware limited
liability company based in Illinois. In California: R-T Specialty Insurance Services, LLC
License #0G97516. ©2016 Ryan Specialty Group, LLC.
Mystic Capital Advisors Group, LLC provided transaction advisory services to Hartan.
For more information on Mystic Capital, please contact Matt Klossner at 212-251-0972
or visit www.mysticcapital.com .
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