"Kirkland & Ellis Advises Bernhard Capital Partners on Sale of Gray Surety to Palomar Holdings"

"Kirkland & Ellis advised Bernhard Capital Partners on the sale of The Gray Casualty & Surety Company, a surety bond provider, to Palomar Holdings, Inc. The transaction has been approved by both companies' boards and is expected to close in the first half of 2026, pending regulatory approvals and customary conditions."

Kirkland & Ellis participated in the transaction, advising Bernhard Capital Partners (BCP), a private equity management firm, on the sale of The Gray Casualty & Surety Company to Palomar Holdings, Inc. The transaction involves Bernhard Capital Partners agreeing to sell The Gray Casualty & Surety Company, a leading surety bond provider for midsized and emerging contractors, to Palomar Holdings, Inc. The deal has been approved by the boards of directors of both Gray Surety and Palomar and is expected to close during the first half of 2026, subject to regulatory approvals and customary closing conditions. The Kirkland & Ellis team included corporate lawyers Bill Benitez, Claire Campbell, Brennon Nelson, and Saam Namazi; and tax lawyers Mark Dundon and Jacob Walley.

"Kirkland & Ellis Advises Bernhard Capital Partners on Sale of Gray Surety to Palomar Holdings"

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads