CRC Group today announced that it has signed a definitive agreement to acquire Euclid Transactional, a leading global provider of transactional insurance solutions specializing in representations and warranties, and tax liability insurance. The proposed acquisition remains subject to customary closing conditions, including regulatory approvals.
Euclid Transactional is recognized worldwide as a premier transactional risk underwriting platform with a strong global presence, deep distribution and capacity relationships, and as a leading claims organization. With 11 offices across North America, Europe, and the Asia-Pacific region, Euclid Transactional brings a powerful international footprint complemented by a highly specialized team with deep domain expertise.
The addition of Euclid Transactional will significantly expand CRC Group’s specialty underwriting capabilities and further advance its strategy to build the insurance industry's most comprehensive underwriting platform. The combination of Euclid Transactional’s global reach and transactional risk leadership with CRC Group’s scale, technology investments, and distribution network is expected to create a diversified and sustainable growth engine serving clients across the full risk spectrum.
“Euclid Transactional is an outstanding organization with a premier team, stellar reputation, and strong alignment with our vision for specialty growth,” said Dave Obenauer, CEO of CRC Group. “This partnership will allow CRC Group to deepen our capabilities in financial and professional lines, expand our international reach, and deliver even more value to our clients. We are excited and look forward to the opportunity to welcome the world-class Euclid Transactional team to CRC Group once the transaction is complete.”
“We are incredibly proud of what our team has built and the global client partnerships we have established,” said Jay Rittberg, Managing Principal of Euclid Transactional. “Joining CRC Group will position Euclid Transactional to accelerate growth while maintaining the underwriting excellence, our culture, and the service that our clients expect. CRC Group’s scale, focus on innovation, and strong relationships will allow us to broaden our reach and continue to lead the transactional risk market.”
CRC Group expects the acquisition to deepen client relationships, round out a comprehensive financial and professional lines offering, further expand its international presence, and support ongoing innovation in product development and underwriting capabilities. Together, CRC Group and Euclid Transactional will form one of the most comprehensive global platforms for financial and professional service lines.
In connection with this transaction, Guy Carpenter and Barclays served as financial advisors, while Debevoise & Plimpton served as legal advisors for CRC Group. Piper Sandler & Co. served as exclusive financial advisor, Jamieson Corporate Finance served as management advisor, and HSF Kramer served as legal counsel to Euclid Transactional.
About CRC Group
CRC Insurance Group, through its operating entities, is one of the leading independent wholesale specialty insurance distributors, delivering the broadest range of insurance solutions available in the marketplace today. With approximately 6,000 teammates in offices across the United States, Canada, and the UK, CRC Group places more than $30B in annual premiums across property and casualty, and employee benefits. Learn more at www.crcgroup.com.
About Euclid Transactional
Euclid Transactional is a global managing general agent specializing in transactional risk insurance, including representations and warranties insurance and tax liability insurance. The company serves private equity firms, strategic buyers, attorneys, and advisors worldwide with solutions that support certainty and efficiency in mergers and acquisitions and has paid more than $1.3 billion to its clients. Learn more at www.euclidtransactional.com.