B

Baldwin Group

Tailored insurance and risk management solutions

Overview

Baldwin Group provides customized insurance and risk-management services for individuals, families, and businesses. It offers digital embedded renters coverage, high-value homeowners insurance, and business protections such as cyber liability and habitational property, all through a network of agents, brokers, wholesalers, and brand partners. The company stands out by pairing consumer and commercial insurance under one umbrella and by running Juniper Re, a specialist reinsurance brokerage started in 2023. Its goal is to reduce complexity in risk management and help clients stay protected and supported through fast, technology-enabled service.

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About Baldwin Group

Simplify's Rating
Why Baldwin Group is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

CybersecurityFinancial Services

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Tampa, FL

Founded

2011

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What believers are saying

  • Q3 2026 revenue rose 31% to $480.3 million, with adjusted EBITDA up 47%.
  • CAC and new partnerships drove growth, including $94 million CAC revenue and 25% partner growth.
  • Catalyst targets $3 billion revenue by 2030, with $40 million savings expected by 2028.

What critics are saying

  • Organic revenue slowed to 6% in Q3 2026 and 3% year-to-date.
  • Q3 go-private costs reached $21 million, while net debt remained $2.465 billion.
  • A failed Sequence-DFO closing or integration misstep would compress talent, margins, and valuation quickly.

What makes Baldwin Group unique

  • Baldwin bundles brokerage, embedded insurance, and Juniper Re reinsurance under one platform.
  • Its 2026 AI rollout cut direct-bill reconciliation labor from $1.2 million to $400,000.
  • Sequence and DFO’s $7.7 billion take-private validates Baldwin’s acquisition-led specialty insurance model.

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Funding

Total Funding

$2.6B

Above

Industry Average

Funded Over

5 Rounds

Buyout funding comparison data is currently unavailable. We're working to provide this information soon!
Buyout Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Health Savings Account/Flexible Spending Account
  • Unlimited Paid Time Off

Growth & Insights and Company News

6 month growth

2%

1 year growth

2%

2 year growth

0%
Reinsurance News
Oct 28th, 2026
The Baldwin Group's total revenue reaches $480.3m in Q3'26.

The Baldwin Group's total revenue reaches $480.3m in Q3'26. The Baldwin Group, an independent insurance brokerage and advisory firm, has announced its preliminary financial results for the third quarter of 2026, reporting revenue growth of 31% despite a net loss of $81.6 million. Total revenue in Q3 2026 increased to $480.3 million from $365.4 million seen in the prior-year period. Organic revenue grew 6% year-over-year, contributing $21.5 million. The company's net loss resulted in a net loss margin of 17%. Operating performance showed improvement on an adjusted basis. Adjusted EBITDA reached $106.9 million, up 47% from the prior-year period. Adjusted EBITDA Margin expanded by 240 basis points to 22%, compared to 19.8% in Q3 2025. As of September 30, 2026, The Baldwin Group held $188.6 million in cash and cash equivalents, with $289.1 million in available borrowing capacity under its revolving credit facility. Total debt stood at $2.465 billion. The earnings release comes amid the company's pending take-private transaction. On September 14, 2026, The Baldwin Group entered into a definitive merger agreement to be acquired by an investor group led by Sequence Holdings and DFO Management, LLC. Under the agreement, stockholders will receive $32.50 per share in cash, subject to the terms and conditions of the Merger Agreement. The transaction is expected to close during the first quarter of 2027, subject to shareholder approval, regulatory approvals and other customary closing conditions. The Baldwin Group noted that these third-quarter figures are preliminary, unaudited, based on internal estimates, and subject to change prior to the completion of its formal financial close process.

Insurance Business
Oct 28th, 2026
Baldwin's go-private bill hits $21M, and the deal hasn't closed yet.

Baldwin's go-private bill hits $21M, and the deal hasn't closed yet. The firm's GAAP net loss nearly tripled year over year in preliminary Q3 results, even as adjusted EBITDA grew 47 percent Oct 28, 2026 Before The Baldwin Group's take-private transaction closes, it has already cost the company $21 million. That figure sits in the reconciliation table of Baldwin's preliminary third-quarter results, excluded from adjusted earnings. It is one of the more telling details in numbers that look very different depending on which line you read. Total revenue for the three months ended September 30 came in at $480.3 million, up 31 percent from $365.4 million a year earlier. Adjusted EBITDA grew 47 percent to $106.9 million. The GAAP net loss, however, widened from $30.2 million in Q3 2025 to $81.6 million. Baldwin noted the results are preliminary and subject to change when the Form 10-Q is filed. Rising interest costs, a near-doubling of amortization expense tied to the CAC acquisition, and those $21 million in go-private costs all drove that widening. The deal behind the charge is Baldwin's planned acquisition by Sequence Holdings and DFO Management, the family investment office of Michael Dell. Announced in September 2026, the all-cash transaction values Baldwin at approximately $7.7 billion. Shareholders are set to receive $32.50 per share, an 88 percent premium to Baldwin's unaffected closing price on June 17, the day before reports of a take-private transaction surfaced. What the organic numbers show. Beneath the headline revenue figure, the growth picture is more measured. Organic revenue, which strips out the first 12 months of commissions from newly acquired partners, grew 6 percent year over year in the quarter. For the nine-month period, though, organic growth slowed to 3 percent against 9 percent over the same stretch in 2025. Of the $475.5 million in commissions and fees Baldwin recorded in Q3, $91.7 million came from partners still within their first 12 months of ownership. The 31 percent top-line growth is largely an acquisition story. That distinction carries weight in a market where Baldwin competes for clients and talent against larger peers. Brown & Brown reported an adjusted EBITDAC margin of 34.6 percent in Q3 2026, a metric that is not directly comparable to Baldwin's adjusted EBITDA but signals the gap between Baldwin's current profitability and the broader broker peer group. Gallagher's brokerage segment reported an adjusted EBITDAC margin of 33.3 percent in Q2 2026, its most recent available quarter at the time of writing. Baldwin's adjusted EBITDA margin of 22.2 percent is improving, and its 3B/30 Catalyst Program targets $3 billion in revenue by 2030 and a 30 percent adjusted EBITDA margin. Transformation costs for the program totalled $2.9 million in the quarter and $12.4 million across the first nine months. The program's $40 million run-rate savings target is not expected to be reached until 2028. The debt and what private ownership changes. The go-private rationale becomes clearer against Baldwin's balance sheet. Net interest expense ran at $43.6 million in Q3, up from $32 million a year earlier, and $129 million across the nine-month period. Total debt stood at $2.465 billion at September 30. That is the weight of an acquisition-led growth model, and it does not disappear when Baldwin leaves the public markets. What private ownership removes is quarterly earnings scrutiny. Sequence and DFO have pitched the transaction as providing long-duration capital and accelerated AI investment. In the deal announcement, Trevor Baldwin called it "frontier AI execution." The Catalyst Program's AI component has already raised Baldwin's direct-bill reconciliation rate, cutting the associated internal labor cost from $1.2 million to $400,000, according to the company's Q2 2026 earnings call. The CAC acquisition, completed on January 1, also shifted Baldwin toward specialty lines. Its effect on near-term organic growth was detailed in the firm's Q2 2026 results. Cash and cash equivalents were $188.6 million as of September 30, with $289.1 million remaining under its revolving credit facility. Private ownership won't reduce that debt load, but it does remove the quarterly pressure to explain it, and gives Sequence and DFO the runway to invest in AI and acquisitions at a pace a public company with Baldwin's leverage profile would struggle to justify to shareholders.

Business Insurance
Oct 21st, 2026
Broker must face pregnancy discrimination, retaliation claims.

Broker must face pregnancy discrimination, retaliation claims. * by Louise Esola Baldwin Group units must face pregnancy discrimination and retaliation claims brought by a former benefits adviser who alleged she was fired after complaining about her treatment during and after maternity leave, a federal court ruled Tuesday. In Rachel McLauchlin v. Baldwin Krystyn Sherman Partners LLC et al, the U.S. District Court for the Western District of North Carolina partially denied the defendants' motion for summary judgment, allowing sex and pregnancy discrimination claims and a Title VII retaliation claim to proceed but dismissing several other claims. Ms. McLauchlin joined Baldwin in December 2021 after it purchased her employee benefits agency, according to the ruling. She informed the company of her pregnancy in February 2022 and gave birth that June. She alleged that managers pressured her to shorten her maternity leave, with one noting that it coincided with "prime selling season." After returning to work, support staff and resources were withdrawn, making it harder to serve clients and generate business, she said. In December 2022, Ms. McLauchlin complained to human resources about alleged pregnancy and sex discrimination, citing her treatment during maternity leave, the lack of a place to express breast milk and commission accounting. Baldwin's internal investigation found no intentional discrimination or retaliation regarding her maternity leave, according to the ruling. The company terminated her in August 2023. Baldwin argued that Ms. McLauchlin failed to meet her legitimate expectations, citing client losses, another account that was considered at risk and concerns about her interactions with colleagues. The court, however, pointed to a November 2022 performance review stating that she was "consistently meeting goals" and "positively contributes to team dynamics." The following month, her former supervisor raised performance and interpersonal concerns after she complained to human resources. Her direct supervisor at the time of her firing identified no performance problems and did not participate in the termination decision, the court said. She also had not been placed on a performance improvement plan, and a written account of her alleged performance problems was prepared only after she was fired and challenged the decision as discriminatory and retaliatory. Those circumstances created factual disputes over whether Baldwin's stated reasons were a pretext for discrimination, the court ruled. The retaliation claim also survived. Viewed together and in Ms. McLauchlin's favor, the changed assessment of her performance, alleged loss of support and termination without coaching or an improvement plan could support a finding of retaliatory intent, the court said. The court dismissed her Family and Medical Leave Act claims because she had worked for Baldwin for less than a year when her leave began. It also dismissed claims involving unpaid commissions, breach of contract and retaliation under North Carolina law. Her disability discrimination claims failed because she did not identify a qualifying disability or seek accommodations for a pregnancy-related medical condition, the ruling said. October 23, 2026

PR Newswire
Sep 25th, 2026
Greenberg Traurig recognized as 2026 Law360 Florida Regional Powerhouse.

Greenberg Traurig recognized as 2026 Law360 Florida Regional Powerhouse. Sep 25, 2026, 17:15 ET MIAMI, Sept. 25, 2026 /PRNewswire/ - For the 10th year, global law firm Greenberg Traurig, P.A. has been recognized as a "Florida Regional Powerhouse" by Law360 for successfully representing clients in key transactions and matters that impact the region. Founded in Miami in 1967, Greenberg Traurig now has more than 400 attorneys across six Florida offices. As the Am Law 20 firm with the largest attorney presence in the state, the firm continues to advise clients on many of Florida's most significant litigation, real estate, corporate, and public finance matters. "From securing landmark litigation victories to advising on transformative transactions and infrastructure projects, our Florida attorneys remain committed to serving clients on the state's most complex and impactful matters," Greenberg Traurig Senior Chairman Matthew B. Gorson said. "Being recognized as a Law360 Florida Powerhouse for the 10th year reflects our deep roots in Florida, our commitment to the state's continued growth, and the dedication of our attorneys to helping shape the future of the communities where we live and work." Over the last year, Greenberg Traurig's Florida Litigation Practice secured significant victories across the state, including representing nine affiliates of Swire Properties in a landmark construction defect lawsuit involving Brickell City Centre, resulting in one of the largest recoveries in a construction defect matter in Florida history. The team also won a landmark appellate victory for Lyft before Florida's Third District Court of Appeal and represented the Florida State University Board of Trustees in litigation involving the Atlantic Coast Conference's Grant of Rights and member exit provisions. Greenberg Traurig attorneys played a key role in helping to bring Miami Freedom Park and the city's new Major League Soccer stadium to fruition through years of land use, environmental, zoning, entitlement, permitting, and remediation work for the transformational development project. The firm's Florida Real Estate Practice advised clients on some of the year's most notable transactions, including representing Kayne Anderson Real Estate and Remedy Medical Properties in their $7.2 billion acquisition of 296 outpatient medical properties from Welltower. The team also guided Swire Properties through the $512 million sale of a majority stake in the retail and parking components of Miami's Brickell City Centre and advised Royal Caribbean on a $292 million port and land acquisition supporting the development of Perfect Day Mexico. Greenberg Traurig's Corporate Practice represented The Baldwin Group in its more than $1 billion merger with CAC Group and advised Fresh Del Monte Produce Inc. in its $285 million acquisition of Del Monte Foods assets, reuniting the Del Monte brand under one owner for the first time in nearly four decades. The Public Finance & Infrastructure team advised on more than 120 financings with an aggregate value of approximately $10.5 billion, including representing Brightline in connection with more than $1.9 billion in revenue bond remarketings and serving as bond counsel on multiple statewide financings for the Florida Department of Transportation totaling approximately $2.7 billion. About Greenberg Traurig: Greenberg Traurig, LLP has approximately 3,200 lawyers across 51 locations in the United States, Europe, the Middle East, Latin America, and Asia. The firm's broad geographic and practice range enables the delivery of innovative and strategic legal services across borders and industries. Recognized as a 2025 BTI "Best of the Best Recommended Law Firm" by general counsel for trust and relationship management, Greenberg Traurig is consistently ranked among the top firms on the Am Law Global 100, NLJ 500, and Law360 400. Greenberg Traurig is also known for its philanthropic giving, culture, innovation, and pro bono work. Web: www.gtlaw.com. Media Contact Elaine Walker [email protected] T +1 305.579.0832 SOURCE Greenberg Traurig, LLP

FinancialContent
Sep 16th, 2026
BWIN investors have opportunity to join The Baldwin Insurance Group, Inc. fraud investigation with SBS law.

BWIN investors have opportunity to join The Baldwin Insurance Group, Inc. fraud investigation with SBS law. September 15, 2026 at 20:49 PM EDT i This article is third-party content and does not represent the views of this site. Tamar Securities, LLC make no guarantees regarding its accuracy or completeness. Schall, Brown & Schwartz LLP ("SBS"), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in The Baldwin Insurance Group, Inc. ("Baldwin" or "the Company") (NASDAQ: BWIN) for potential breaches of fiduciary duty on the part of its directors and management. INVESTIGATION DETAILS: The investigation focuses on determining if the Baldwin board breached its fiduciary duties to shareholders. Tamar Securities, LLC also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach Tamar Securities, LLC through the firm's website at www.schallfirm.com, or by email at [email protected] WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor. Contacts. Schall, Brown & Schwartz LLP Brian Schall, Esq. Andrew Brown, Esq. David Schwartz, Esq. www.schallfirm.com Office: 310-301-3335 [email protected] Report this content If you believe this article contains misleading, harmful, or spam content, please let Tamar Securities, LLC know.

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