Baldwin Group to Go Private in $7.7B Deal with Sequence and Dell Family Office — The Baldwin Insurance Group, Inc.

Event summary

The Baldwin Group to be acquired by Sequence Holdings and Dell Family Office in a $7.7B all-cash deal.
Transaction values Baldwin at 20x trailing-twelve-month Adjusted EBITDA of $396M.
Baldwin shareholders to receive $32.50 per share, an 88% premium over June 17, 2026 closing price.
Deal expected to close in Q1 2027, subject to shareholder and regulatory approvals.
Eligible Baldwin colleagues can roll over a portion of their equity into the private company.

The big picture

The Baldwin Group's move to go private reflects a broader trend of insurance firms seeking long-duration capital to invest in technology and talent. The $7.7B deal highlights the strategic value of Baldwin's data and platform advantages, compounded over 15 years. Sequence Holdings and Dell Family Office's involvement signals confidence in Baldwin's ability to leverage AI and engineering expertise to maintain its lead in the insurance distribution space.

What we're watching

AI Integration: How Sequence's engineering talent and patient capital will accelerate Baldwin's AI-driven transformation.
Long-Term Strategy: Whether Baldwin can maintain its growth trajectory under private ownership with a focus on talent and technology investments.
Regulatory Approval: The pace at which regulatory approvals are secured and potential hurdles in the closing process.