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  6. CRC Group Acquires BankDirect Capital Finance

M&A Deal Summary

CRC Group Acquires BankDirect Capital Finance

On September 6, 2022, CRC Group acquired insurance company BankDirect Capital Finance from Texas Capital BancShares

Acquisition Highlights
  • This is CRC Group’s 3rd transaction in the Insurance sector.
  • This is CRC Group’s 5th transaction in the United States.
  • This is CRC Group’s 1st transaction in Illinois.

M&A Deal Summary
Date 2022-09-06
Target BankDirect Capital Finance
Sector Insurance
Buyer(s) CRC Group
Sellers(s) Texas Capital BancShares
Deal Type Divestiture

Target

BankDirect Capital Finance

Lake Forest, Illinois, United States
BankDirect Capital Finance is a provider of insurance financing solutions, products, and services. BankDirect Capital Finance was founded in 2005 and is based in Lake Forest, Illinois.

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Buyer(S) 1

Buyer

CRC Group

Birmingham, Alabama, United States
Category Company
Sector Insurance
DESCRIPTION

CRC Group is a Property and Casualty wholesale brokerage and MGA platform. CRC Group places over $30 billion of premiums through its specialty wholesale and underwriting insurance businesses. CRC Group is based in Birmingham, Alabama.

DEAL STATS #
Overall 5 of 6
Sector: Insurance M&A 3 of 4
Type: Divestiture M&A Deals 1 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 BenefitMall

Dallas, Texas, United States

BenefitMall is a national provider of employee benefits, payroll, HR and employer services. By combining payroll and benefits, BenefitMall empowers Trusted Advisors to develop the best employee programs while maintaining compliance with government regulations and Health Care Reform. BenefitMall was founded in 1979 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-06 Crump Life Insurance Services

Roseland, New Jersey, United States

Crump Life Insurance Services is a independent wholesale distributor of life insurance. Crump Life Insurance Services was founded in 1983 and is based in Roseland, New Jersey.

Sell -

Seller(S) 1

SELLER

Texas Capital BancShares

Dallas, Texas, United States
Category Company
Founded 1996
Sector Financial Services
Employees1,641
Revenue 1.2B USD (2018)
DESCRIPTION

Texas Capital BancShares, Inc. is a commercial bank that delivers highly personalized financial services to businesses and entrepreneurs. Texas Capital BancShares was founded in 1996 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-02 Budget Installment

Rockville Centre, New York, United States

Budget Installment Corporation is a provider of insurance premium financing services.

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