The Baldwin Group to go private in $7.7 billion deal

The Baldwin Group, a Tampa-based insurance brokerage, has agreed to a $7.7 billion deal to go private. The acquisition is backed by Sequence Holdings and DFO Management, the investment office for Michael Dell and his family.

Under the terms of the agreement, shareholders will receive $32.50 per share in cash. This represents an 88% premium over the company’s June 17 closing price. The deal values the company’s equity at approximately $4.6 billion and includes the assumption or refinancing of roughly $3.1 billion in net debt.

The transaction has received unanimous approval from the Baldwin board following a recommendation from an independent special committee. The deal is expected to close in the first quarter of 2027, subject to shareholder and regulatory approval. Upon completion, Baldwin will become a wholly owned subsidiary of a new parent entity formed by Sequence and DFO Management. CEO Trevor Baldwin stated that private ownership will allow the firm to accelerate investments in technology and artificial intelligence.