09:15 AM EST, 12/08/2025 (MT Newswires) -- Onex ( ONEXF ) on Monday said it sold approximately 4.1 million shares of Class A Common Stock of Ryan Specialty Holdings, Inc ( RYAN ) .

The company said that, with this sale, it has fully exited its investment in Ryan Specialty ( RYAN ) and added that Onex's ( ONEXF ) Chief Executive Officer, Bobby Le Blanc, will retire from Ryan Specialty's ( RYAN ) Board.

A separate release from Ryan Specialty ( RYAN ) noted that Le Blanc will retire from his service on the Ryan Specialty Board of Directors effective Feb. 11, 2026.

Proceeds to Onex ( ONEXF ) from this sale are US$226 million, said Onex ( ONEXF ).

"In total, Onex ( ONEXF ) has realized proceeds of (US)$1.2 billion from its investment in Ryan Specialty ( RYAN ), which equates to a 3.8x Multiple of Capital and an IRR of 49%," said the company.

"I am profoundly grateful to Founder and Chairman Pat Ryan, CEO Tim Turner and the entire Ryan Specialty ( RYAN ) team for their partnership and the tremendous amount of value they have created for all shareholders," said Le Blanc.

"Bobby has been an exceptional director for Ryan Specialty ( RYAN ), and we thank him for his contributions during the past seven plus years," said Patrick G. Ryan, Founder and Chairman of the Board of Directors of Ryan Specialty ( RYAN ). "We also thank Onex ( ONEXF ) for investing in Ryan Specialty ( RYAN ) prior to our IPO. That investment assisted us at an important time in our growth trajectory and proved to be immensely profitable for Onex ( ONEXF ) as well. Following Onex's ( ONEXF ) sale of its remaining shares of Ryan Specialty ( RYAN ), it was mutually agreed that the time was right for Bobby to retire from the Board."