Searchlight Capital Partners, a global private investment firm, announced it has completed the sale of Euclid Transactional to CRC Group, a leading independent wholesale specialty and MGA business.
Euclid Transactional is a global provider of transactional insurance solutions specializing in representations and warranties and tax liability insurance. Searchlight closed its investment in the company in 2021, and during the partnership Euclid expanded its geographic footprint and significantly scaled premium volume.
Euclid Transactional operates as an underwriting platform with a global presence, established distribution and capacity relationships, and a dedicated claims organization. The transaction marks the exit of Searchlight’s investment in the company.
Searchlight manages more than $16.8 billion in assets under management and maintains offices in New York, London, Miami and Toronto.
KEY QUOTES
“As a market-leading platform in the transactional risk industry, Euclid Transactional has consistently distinguished itself through its underwriting expertise and global reach. 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.”
Adam Reiss, Partner at Searchlight who led the investment
“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. 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.”
Jay Rittberg, Managing Principal of Euclid
