Risk Theory Completes Sale of Subsidiary to CRC Group
Deal News | Mar 31, 2025 | Troutman Pepper Locke, LLP
Troutman Pepper Locke, LLP, a respected law firm with expertise in insurance transactions, advised Risk Theory, LLC on the sale of its subsidiary, Risk Transfer Partners (RTP), to CRC Group. Based in Dallas and founded in 2013, RTP is known for its national platform and organic growth within the insurance brokerage sector. CRC Group is recognized as a leading independent wholesale specialty insurance distributor in North America. Troutman Pepper's team was led by experienced attorneys and provided comprehensive support. They navigate the intricate legal environment of the insurance industry, ensuring regulatory compliance and facilitating various corporate maneuvers. This transaction highlights the firm's ability to help clients achieve business objectives in a regulated environment.
Sectors
- Insurance
- Legal Services
Geography
- United States – The involved companies, Risk Theory and Troutman Pepper Locke, are based in the United States, specifically in Dallas and Houston, respectively.
Industry
- Insurance – The article focuses on the sale of a wholesale brokerage subsidiary within the insurance industry.
- Legal Services – Troutman Pepper Locke provided legal advisory services for the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Risk Theory, LLC | Selling Company | Company | An insurance holding company selling its subsidiary RTP. |
| Risk Transfer Partners (RTP) | Target Company | Company | A casualty-focused wholesale brokerage subsidiary sold to CRC Group. |
| CRC Group | Bidding Companybuyer | Company | A leading independent wholesale specialty insurance distributor acquiring RTP. |
| Troutman Pepper Locke, LLP | Legal Advisor | Company | Legal firm advising Risk Theory on the sale of RTP. |