CRC Group announced on January 5, 2026, that it has signed a definitive agreement to acquire Euclid Transactional, a global provider of transactional insurance solutions. The proposed acquisition remains subject to customary closing conditions, including regulatory approvals.
Euclid Transactional specializes in representations and warranties insurance and tax liability insurance. The company operates as a transactional risk underwriting platform with a strong global presence, established distribution and capacity relationships, and a leading claims organization. Euclid Transactional maintains 11 offices across North America, Europe, and the Asia-Pacific region and employs a highly specialized team with deep domain expertise.
According to CRC Group, the addition of Euclid Transactional will expand its specialty underwriting capabilities and support its strategy to build a comprehensive underwriting platform for the insurance industry. In addition, the combination brings together Euclid Transactional’s transactional risk focus and international reach with CRC Group’s scale, technology investments, and distribution network. As a result, the organizations expect to create a diversified platform that serves clients across a wide range of risks.
Dave Obenauer, CEO of CRC Group, said Euclid Transactional brings a strong team, reputation, and alignment with CRC Group’s specialty growth strategy. He stated that the transaction will allow CRC Group to deepen its financial and professional lines capabilities, expand its international reach, and deliver additional value to clients once the acquisition is complete.
Jay Rittberg, Managing Principal of Euclid Transactional, said the organization has built strong global client partnerships and an underwriting-focused culture. He noted that joining CRC Group will support continued growth while maintaining underwriting standards, service, and company culture. He also emphasized that CRC Group’s scale, innovation focus, and relationships will allow Euclid Transactional to broaden its reach within the transactional risk market.
CRC Group stated that the acquisition is expected to strengthen client relationships, enhance its financial and professional lines offerings, expand its international footprint, and support ongoing innovation in product development and underwriting. Together, the organizations aim to form a global platform for financial and professional service lines.
Several advisors supported the transaction. Guy Carpenter and Barclays served as financial advisors, while Debevoise & Plimpton served as legal advisors to CRC Group. Piper Sandler & Co. acted 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 an independent wholesale specialty insurance distributor. The organization employs approximately 6,000 teammates across the United States, Canada, and the United Kingdom. CRC Group places more than $30 billion in annual premiums across property and casualty and employee benefits lines.
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 and has paid more than $1.3 billion to clients in support of mergers and acquisitions.
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