Global private investment firm, Searchlight Capital Partners, L.P., has completed the sale of Euclid Transactional, LLC, a managing general agent (MGA) specialising in transactional insurance underwriting and claims handling, to CRC Group, a wholesale specialty insurance distributor in North America.
In 2021, Searchlight closed its investment in Euclid Transactional, and over the course of the partnership, the MGA has expanded its geographic footprint, distribution and capacity relationships, and scaled premium volume.
Adam Reiss, Partner at Searchlight, who led the investment, commented, “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.”
Jay Rittberg, Managing Principal, Euclid, added, “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.”
