Searchlight Capital Partners has completed the sale of Euclid Transactional to CRC Group.
Terms of the deal were undisclosed.
Searchlight invested in Euclid Transactional in 2021. During its ownership, the company expanded its geographic footprint and increased premium volume, building out what the parties describe as a leading transactional risk underwriting platform.
“As a market‑leading platform in the transactional risk industry, Euclid Transactional has consistently distinguished itself through its underwriting expertise and global reach,” said Adam Reiss, partner at Searchlight, who led the investment. “During our partnership, the company expanded across geographies and solutions, and further strengthened its position as a trusted partner to its clients and capacity providers. We believe Euclid is exceptionally well positioned for its next phase of growth as it enters this new chapter with CRC Group.”
CRC Group sets out strategic rationale
CRC Group said the acquisition is part of its broader growth strategy in specialty and wholesale distribution.
Euclid Transactional will become part of the CRC Underwriting division. CRC said the deal combines Euclid Transactional’s dedicated transactional risk platform with CRC’s scale, technology investments, and distribution.
“We are pleased to officially welcome Euclid Transactional to CRC Group,” said Dave Obenauer, CEO of CRC Group. “This acquisition further strengthens our specialty underwriting capabilities, expands our expertise in financial and professional lines, and furthers our international reach. All of this deepens our ability to serve clients and partners while advancing our long-term strategy of building a best-in-class specialty organization grounded in shared values.”
Global footprint and transactional risk focus
Euclid Transactional is recognized as a specialist transactional risk underwriting platform with offices across North America, Europe, and the Asia-Pacific region. The firm focuses on representations and warranties and tax liability insurance and has built relationships with brokers, carriers, and clients in major M&A markets.
CRC Group said Euclid’s leadership in transactional risk is expected to complement its existing financial and professional lines portfolio and broaden its capabilities for private equity and corporate buyers.
Euclid Transactional’s management framed the transaction as a logical next step following several years of growth under Searchlight’s ownership.
“Today’s transaction is a landmark moment for Euclid Transactional and a testament to the dedication of our team and the strength of our platform,” said Jay Rittberg, managing principal of Euclid Transactional. “We are grateful to Searchlight for their partnership and proud of what we have achieved together. Joining CRC Group will give us access to even broader distribution and capabilities, allowing us to continue delivering innovative, best‑in‑class solutions to our clients and partners.”
On the advisory side, Guy Carpenter and Barclays served as financial advisors, and Debevoise & Plimpton served as legal advisor to CRC Group. Piper Sandler & Co. acted as exclusive financial advisor, Jamieson Corporate Finance as management advisor, and HSF Kramer as legal counsel to Euclid Transactional.
