Palomar Holdings to acquire The Gray Casualty & Surety Company

* Palomar Holdings (PLMR [https://seekingalpha.com/symbol/PLMR]) said on Thursday that it has entered into a definitive agreement [https://seekingalpha.com/pr/20287450-palomar-holdings-inc-announces-agreement-to-acquire-the-gray-casualty-and-surety-company] to acquire The Gray Casualty & Surety Company from Bernhard Capital Partners and The Gray Insurance Company for total consideration of $300M in cash.
* 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.
* Gray Surety is a Treasury-listed surety carrier specializing in contract bonds for midsized and emerging contractors across the United States.

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