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Announced

Completed

Specialty Program Group completed the acquisition of Euclid Fiduciary from Euclid Insurance Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Completed

Private

Domestic

Acquisition

Single Bidder

Full Line Insurance

insurtech

employee benefits

United States

Friendly

Synopsis

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Specialty Program Group, a wholesaler offering best in class insurance underwriting facilities and specialty business services provider, completed the acquisition of Euclid Fiduciary, a underwriting and claims provider, from Euclid Insurance Services, an insurance services provider. Financial terms were not disclosed. "Dan literally wrote the book on fiduciary liability insurance and he and his team are well known as thought leaders in the fiduciary market. Their model of deep specialty expertise and autonomy aligns perfectly with our business strategy and we welcome them to the SPG family of companies," Chris Treanor, SPG President & CEO.

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