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The Baldwin Insurance Group, Inc. (NASDAQ: BWIN) is an independent insurance distribution firm that provides a range of insurance-related services and solutions. The company focuses on risk management, insurance, and employee benefits, delivering bespoke client solutions through a comprehensive and tailored approach. Baldwin serves over two million clients across the United States and internationally, supporting them with innovative resources and capital to drive growth.
- Insurance Advisory Solutions (IAS) - Provides commercial risk management, employee benefits, and private risk management solutions for businesses and high-net-worth individuals through a national network of independent insurance brokers.
- Underwriting, Capacity & Technology Solutions (UCTS) - Includes MGA platforms and a reinsurance brokerage business, developing proprietary, technology-enabled insurance products distributed internally and externally, and generating fees from policy and installment fee arrangements.
- Mainstreet Insurance Solutions (MIS) - Offers personal, commercial, and life and health insurance solutions, focusing on accessing clients through sheltered distribution channels like new home builders and realtors, and provides consultation for government assistance programs, including Medicare.
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
National Health Plans & Benefits Agency, LLC (NHPBA) | 2022 | Acquired effective August 1, 2022, the deal involved an upfront cash payment of $17.3 million plus 129,182 shares of Class A common stock; it was aimed at enhancing expertise in individual health insurance and included a purchase price allocation with contingent earnout, equity interest, and intangible assets. |
Venture Captive Management, LLC (VCM) | 2022 | Effective June 3, 2022, the acquisition had a total consideration of $10.11 million (including cash, earnout, equity interest, and deferred payment) and provided key assets such as intangible assets, goodwill, and other assets to expand capabilities in captive management and alternative risk funding solutions. |
Westwood Insurance Agency | 2022 | Completed on April 29, 2022, this acquisition for $385.0 million (adjusted by equity issuances and with potential contingent payments) was strategically aimed at bolstering BRP Group's offerings in tech-enabled homeowners insurance, with additional funding sourced via a $380.0 million credit facility. |