CRC buys specialty wholesale brokerage

CRC Group said Wednesday it acquired Risk Transfer Partners, a Dallas-based specialty wholesale brokerage.

Terms of the transaction were not disclosed.

Founded in 2013, RTP provides liability coverage for businesses in the construction, energy, environmental and manufacturing sectors.

RTP’s existing leadership team, including President Dave Barrett, and about 60 employees will join CRC’s specialty division and report to Brent Tredway, brokerage president.

Charlotte, North Carolina-based CRC is owned by TIH Insurance Holdings LLC, which is the seventh-largest broker of U.S. business, based on the most recent Business Insurance rankings.