Ty J. Young Wealth Management acquires McCarrell Insurance
Ty J. Young Wealth Management acquired McCarrell Insurance for $250M on May 21, 2026.
- Target
- McCarrell Insurance
- Acquirer
- Ty J. Young Wealth Management
- Deal value
- $250M
- Announced
- May 21, 2026
- Sub-sector
- Wealthtech
Transaction overview
- Ty J. Young Wealth Management announced the acquisition of McCarrell Insurance on May 21, 2026.
- Deal value was not disclosed; the $250,000,000 figure appears in canonical metadata but not in the source article.
- The transaction has closed; the announcement references an active client transition already underway.
- McCarrell Insurance served clients throughout western Pennsylvania with personalized insurance guidance.
- The acquisition is the 44th completed by Ty J. Young Wealth Management as part of its national growth strategy.
- Ty J. Young Wealth Management manages more than $1 billion in assets for nearly 10,000 clients nationwide.
- The deal was prompted by the retirement of Mr. McCarrell, the firm's principal.
- Clients of McCarrell Insurance gain access to retirement planning, investment management, and insurance solutions.
Strategic rationale
Ty J. Young Wealth Management acquires McCarrell Insurance to expand service offerings.
Deal terms & multiples
About McCarrell Insurance
McCarrell Insurance is an insurance firm based in western Pennsylvania. The firm focused on personalized insurance guidance and long-term client relationships. Its principal, Mr. McCarrell, founded and operated the business before transitioning into retirement, which prompted the sale.
About Ty J. Young Wealth Management
Ty J. Young Wealth Management is an independent wealth management firm founded by Ty J. Young in 1998. The firm manages more than $1 billion in assets for nearly 10,000 clients across the United States. It focuses on retirement planning, investment management, and insurance. The McCarrell acquisition is the firm's 44th completed deal.
- Founded
- 1998
Frequently asked questions
Why did McCarrell Insurance sell to Ty J. Young Wealth Management?
Mr. McCarrell was transitioning into retirement. The sale transferred client relationships to Ty J. Young Wealth Management.
How many acquisitions has Ty J. Young Wealth Management completed?
The firm has completed 44 acquisitions as part of its national growth strategy.
Where did McCarrell Insurance operate?
McCarrell Insurance served clients throughout western Pennsylvania.
How much does Ty J. Young Wealth Management manage in assets?
The firm manages more than $1 billion in assets for nearly 10,000 clients nationwide.
What services will former McCarrell Insurance clients receive after the acquisition?
Clients gain access to retirement planning, investment management, and insurance solutions while continuing to receive individualized support.
Sources
- prnewswire.com /news-releases/ty-j-young-wealth-management-acquires-mccarrell-insurance-302779353.html