Ryan Specialty Group LLC agreed to acquire Depew, N.Y.-based LoVullo Associates Inc. for an undisclosed price, according to a March 30 news release.
LoVullo operates as an excess and surplus lines broker and managing general agent. Leonard LoVullo is the CEO of the company.
LoVullo will become part of Ryan Specialty Group unit R-T Specialty LLC and will establish its Buffalo, N.Y., office at the current LoVullo location. LoVullo President Dave Pietrowski will become president of the R-T Specialty Buffalo office.
The parties expect Ryan Specialty Group will acquire LoVullo's affiliated premium finance business, Superior Payment Plan LLC, later in 2017. This is subject to the fulfillment of standard licensing requirements and other customary conditions.