CRC Group has completed the acquisition of Euclid Transactional from private investment firm Searchlight Capital Partners, expanding its capabilities in financial and professional lines underwriting. Financial terms of the transaction were not disclosed.

Searchlight initially invested in Euclid Transactional in 2021. During its ownership, the underwriting platform expanded its geographic presence and increased premium volumes, developing what the parties described as a leading global transactional risk underwriting business.

Adam Reiss, partner at Searchlight who led the investment, said Euclid Transactional had strengthened its market position through underwriting expertise and international growth during the partnership. He added that the company is well positioned for its next phase of expansion under CRC Group’s ownership.

Strategic expansion for CRC Group

CRC Group said the acquisition aligns with its broader strategy to grow its specialty and wholesale distribution operations. Euclid Transactional will now operate within the company’s CRC Underwriting division.

Dave Obenauer, Chief Executive Officer of CRC Group, said the transaction enhances the firm’s specialty underwriting capabilities while expanding expertise in financial and professional lines and increasing international reach. He noted the deal supports CRC’s long-term strategy of building a global specialty organisation supported by shared technology and distribution capabilities.

The acquisition combines Euclid Transactional’s focused transactional risk platform with CRC Group’s scale, distribution network, and technology investments, which the company expects will strengthen service offerings to clients and partners.

Global transactional risk platform

Euclid Transactional specialises in transactional risk underwriting, including representations and warranties insurance and tax liability coverage. The company operates offices across North America, Europe and the Asia-Pacific region, serving brokers, insurers and clients involved in major mergers and acquisitions markets.

CRC Group said Euclid’s expertise is expected to complement its existing financial and professional lines portfolio while broadening support for private equity firms and corporate buyers.

Jay Rittberg, managing principal of Euclid Transactional, described the acquisition as a milestone following several years of growth under Searchlight’s ownership, adding that joining CRC Group will provide access to broader distribution and expanded capabilities.

Transaction advisors

Advisory firms involved in the transaction included Guy Carpenter and Barclays as financial advisors, with Debevoise & Plimpton serving as legal advisor to CRC Group.

Piper Sandler & Co. acted as exclusive financial advisor to Euclid Transactional, alongside Jamieson Corporate Financeas management advisor and HSF Kramer as legal counsel.