Kirkland Advises Bernhard Capital Partners on Sale of The Gray Casualty & Surety Company
Kirkland & Ellis advised Bernhard Capital Partners (BCP), a services and infrastructure-focused private equity management firm, on an agreement to sell The Gray Casualty & Surety Company, a leading surety bond provider for midsized and emerging contractors, to Palomar Holdings, Inc. (Nasdaq: PLMR). The transaction has been approved by both Gray Surety and Palomar’s boards of directors and is expected to close during the first half of 2026, subject to regulatory approvals and other customary closing conditions.
The Kirkland team included corporate lawyers Bill Benitez, Claire Campbell, Brennon Nelson and Saam Namazi; and tax lawyers Mark Dundon and Jacob Walley.
