R-T to Acquire Workers’ Comp Wholesaler IFIS in California

R-T Specialty LLC entered into a definitive agreement to acquire West Coast workers’ compensation specialist International Facilities Insurance Services.

Chicago, Ill.-based R-T is the brokerage arm of Ryan Specialty Group LLC. Los Angeles, Calif.-based IFIS will become part of RT effective Jan. 1, 2013. Terms of the deal were not disclosed.

A privately-held wholesaler, IFIS’ workers’ compensation specialty is complemented by general commercial liability wholesale activities with expertise in oil and gas, and in trucking and transportation risks.

Ryan Specialty Group is a global holding company and a Lloyd’s insurer and other specialty services designed specifically for agents, brokers and insurers.