CRC Group, an independent wholesale specialty insurance distributor in North America, announced the acquisition of Risk Transfer Partners (RTP), a casualty-focused wholesale brokerage business. This strategic acquisition enhances CRC’s capabilities and market reach, particularly in the construction, energy, environmental, and manufacturing sectors.
Founded in 2013 and based in Dallas, Texas, RTP has established a national platform with a track record of organic growth.
RTP, under its existing leadership team, including Dave Barrett, RTP President, will join the CRC Specialty division and report to Brokerage President Brent Tredway.
Houlihan Lokey acted as the exclusive financial advisor, and Troutman Pepper Locke LLP acted as legal counsel to RTP in connection with this transaction. Kramer Levin Naftalis & Frankel LLP acted as legal counsel to CRC Group.
Topics Mergers & Acquisitions Texas
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