CRC Group is expanding its casualty brokerage capabilities with the acquisition of Risk Transfer Partners (RTP), a Dallas-based wholesale brokerage specializing in casualty insurance.
The acquisition enhances CRC’s presence in the construction, energy, environmental, and manufacturing sectors while integrating RTP’s expertise into its wholesale distribution network.
Founded in 2013, RTP has built a national brokerage platform with a record of organic growth. The firm’s approach to customized insurance solutions and investment in its producer network aligns with CRC’s operational strategy.
According to Neil Kessler, CEO of CRC’s Specialty + Benefits division, RTP’s experience in casualty insurance and its position in key industries contribute to CRC’s long-term objectives.
"Their deep expertise in casualty insurance and strong presence in key sectors like construction and energy will strengthen our ability to deliver exceptional value to our clients. This acquisition underscores CRC's commitment to expanding our market presence and providing the best solutions for our retail partners nationwide," said Kessler.
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Meanwhile, RTP president Dave Barrett said joining CRC provides access to additional resources while allowing the firm to maintain its leadership and operational approach. He noted that the partnership creates opportunities for continued growth.
"We're eager to leverage this partnership to fuel continued growth and innovation," Barrett added.
This is CRC’s first announced acquisition of 2025. In December 2024, the company acquired SLB Insurance to expand its Southeast operations.
RTP will operate under CRC’s Specialty division, with Barrett and the existing leadership team remaining in place and reporting to Brokerage president Brent Tredway.
Houlihan Lokey served as RTP’s exclusive financial advisor. Troutman Pepper Locke LLP acted as its legal counsel, while CRC Group was represented by Kramer Levin Naftalis & Frankel LLP.
What impact could this acquisition have on wholesale brokers and their retail partners? Share your thoughts in the comments.
