AcquisitionSep 14, 2026Pending
🇺🇸 United States
BThe Baldwin Group, Inc.SASequence Holdings and DFO Management
Financial Institutions › Insurance
Enterprise value$7.7BEnterprise value
AnnouncedSep 14, 2026
ConsiderationCash
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
An entity to be formed by Sequence Holdings and DFO Management agreed to acquire The Baldwin Group, Inc. in an all-cash transaction for $32.50 per share, implying an equity purchase price of approximately $4.6 billion and a total enterprise value of approximately $7.7 billion. Eligible Baldwin colleagues may roll over a portion of their equity into the private company.
Deal rationale
Sequence's engineering talent and capital combined with DFO Management's long-duration, founder-aligned capital are expected to accelerate Baldwin's position as the insurance firm of the future.
AI-generated from the SEC filingPendingFinancial Institutions › InsuranceUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | $4.6B | |
|---|---|---|
| Enterprise value | $7.7B | Headline figure |
| Consideration | Cash |
Advisors
Buy-side
BBarclaysMMoelis & CompanyMSMorgan StanleyPSPiper SandlerWFWells Fargo
Sell-side
APArdea PartnersPWPerella Weinberg Partners
Parties
Target
BThe Baldwin Group, Inc.
- Headquarters
- United States
- Ticker
- BWIN
Acquirer
SASequence Holdings and DFO Management
- Headquarters
- United States
- Ticker
- —