Following Onex Corporation’s sale of its remaining shares of Ryan Specialty Holdings, Inc., an international specialty insurance firm, Bobby Le Blanc will retire from his position on the Board of Directors, effective February 11th, 2026.
Onex has sold approximately 4.1 million shares of Class A Common Stock of Ryan Specialty, fully exiting its investment in the insurer.
Proceeds to Onex from this sale are reported at $226 million. All in all, Onex has realised proceeds of $1.2 billion from its investment in Ryan Specialty, which equates to a 3.8x Multiple of Capital and an IRR of 49%.
Patrick G. Ryan, Founder and Chairman of the Board of Directors, Ryan Specialty, commented, “Bobby has been an exceptional director for Ryan Specialty, and we thank him for his contributions during the past seven plus years. We also thank Onex for investing in Ryan Specialty prior to our IPO.
“That investment assisted us at an important time in our growth trajectory and proved to be immensely profitable for Onex as well. Following Onex’ sale of its remaining shares of Ryan Specialty, it was mutually agreed that the time was right for Bobby to retire from the Board.”
Le Blanc added, “I am profoundly grateful to Founder and Chairman Pat Ryan, CEO Tim Turner and the entire Ryan Specialty team for their partnership and the tremendous amount of value they have created for all shareholders.
“It has been a privilege to work with them for the last seven years as they grew and cemented their position as a market leader in specialty insurance solutions. On behalf of Onex, I want to congratulate them on their achievements and wish them continued success.”
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