What did Ryan Specialty pay for Velocity Risk Underwriters, LLC?

Ryan Specialty acquired Velocity Risk Underwriters, LLC for $525.0M in 2025, equivalent to 6.48x revenue. Target revenue was approximately $81.0M.

What multiple did Ryan Specialty pay for Velocity Risk Underwriters, LLC?

6.48x revenue, based on disclosed deal value of $525.0M and disclosed financials.

M&A TRANSACTION · 2025

Velocity Risk Underwriters, LLC acquired by Ryan Specialty

$525.0M· 6.48x revenue

Target

Velocity Risk Underwriters, LLC

Birmingham, AL

Managing General Underwriter (MGU) specializing in US catastrophe property insurance, acquired from Oaktree Capital

Acquirer

Ryan Specialty

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$81.0M

EBITDA

—

Deal Value

$525.0M

EV/EBITDA

—

Context

This $525.0M acquisition of Velocity Risk Underwriters, LLC by Ryan Specialty sits in the insurance agency sub-vertical. Ryan Specialty is acquiring as a strategic buyer; see how strategic acquirers typically price insurance agency businesses on our Insurance Agency strategic buyer-pool page.

Source

Data sourced from Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2025). Velocity Risk Underwriters, LLC acquired by Ryan Specialty. https://exitvalue.ai/deals/velocity-risk-underwriters-llc-acquired-by-ryan-specialty-insurance-ve