Palomar Holdings Inc (PLMR)

BCP Completes Sale of The Gray Casualty & Surety CompanyFebruary 2, 2026 4:21 PM
PR Newswire (US)

BATON ROUGE, La., Feb. 2, 2026 /PRNewswire/ -- BCP, a services and infrastructure-focused private equity management firm, today announced the successful closing of the previously announced sale of The Gray Casualty & Surety Company ("Gray Surety") to Palomar Holdings, Inc. (NASDAQ: PLMR) ("Palomar").In 2021, BCP made a significant investment in Gray Surety, a Treasury-listed surety carrier specializing in contract bonds for midsized and emerging contractors across the United States. Led by an experienced and entrepreneurial management team, Gray Surety is licensed in all 50 states and operates through 13 regional offices.Gray Surety is one of three exits BCP announced in the second half of 2025, including the sale of Brown & Root Industrial Services, which closed in October, and United Utility, which is expected to close in the first quarter of this year."We're pleased to complete the Gray Surety sale, marking another important milestone in BCP's disciplined investment and value-creation strategy," said Jeff Koonce, Partner at BCP. "Since our investment in 2021, Gray Surety has delivered significant growth, expanded its national presence, and deepened its reputation as a trusted surety partner to contractors across the country. We are proud of the company's continued success and grateful to the Gray Surety team for their exceptional execution."Cullen Piske, President of Gray Surety, added: "We are grateful to BCP for their partnership and support over the past four years. BCP's operational approach helped us scale the business and expand our national footprint, and we are excited to build on that momentum going forward with Palomar."J.P. Morgan is acting as exclusive financial advisor and Kirkland & Ellis LLP is acting as legal advisor to Gray Surety. Evercore is acting as exclusive financial advisor and DLA Piper LLP (US) is acting as legal advisor to Palomar.Further information on the acquisition can be found on Form 8-K filed with the U.S. Securities and Exchange Commission, which can be accessed at www.sec.gov.About BCP
BCP is a services and infrastructure-focused private equity management firm established in 2013. BCP has deployed capital in five funds across several strategies and has $6 billion in assets under management. BCP seeks to create sustainable value by leveraging its experience in acquiring, operating, and growing services and infrastructure businesses. For more information, visit bernhardcapital.com.About The Gray Casualty & Surety Company
The Gray Casualty & Surety Company specializes in providing contract surety bonds to emerging and mid-sized contractors across the United States. Founded in 1996 as a subsidiary of The Gray Insurance Company, Gray Surety has grown into a Top 50 surety carrier, maintaining a strong national presence with offices coast to coast.Media Contacts:
Ed Trissel / Erik Carlson / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449



View original content:https://www.prnewswire.com/news-releases/bcp-completes-sale-of-the-gray-casualty--surety-company-302676788.htmlSOURCE Bernhard Capital Partners Management, LP

Original: BCP Completes Sale of The Gray Casualty & Surety Company

CEO just filed to sell 5,000 more shares worth a total of over $630,000. http://hnbr.eu/250828_ceo_sell.pdf

Two more top execs at Palomar Holdings, Inc. (PLMR) now filed notices of intent to sell shares. http://hnbr.eu/250818_palomar_intent_sell.pdf

Palomar COO filed an SEC Form 4 notifying of his sale of about 3,000 PLMR shares at about 130 per share. PLMR is down about 8.5% so far today.

Palomar CEO on 7/21/25 filed notice of selling over $700 million worth of PLMR stock. 10q will soon be filed. SIGI (Selective Insurance Group, Inc.) took a big hit yesterday, down 17%.

Palomar CEO has now filed yet another Form 144 to notify intent to sell about $500,000 dollars worth of PLMR shares. http://hnbr.eu/all_articles.php

Now yesterday the CEO filed notice of his sale of 5,000 shares worth about $790k. The stock was down 5.5%, apparently on the recent insider sales. But there are a number of other reasons why it is absurd that this stock should be selling at the levels it is now..

CFO sells more shares in Palomar Holdings, Inc. (PLMR). http://hnbr.eu/all_articles.php

More insider selling today, source: https://finviz.com/screener.ashx?v=341&t=PLMR

Updated article re Palomar Holdings, Inc. (PLMR) at http://hnbr.eu/250515_palomar_debt_empire.html

PLMR new 52=week high

got 200 at 88.07