On the Record · Baldwin Insurance Group

Baldwin Insurance Group acquisitions, on the record

The businesses Baldwin Insurance Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Partners Word for word“We believe our success attracting high quality Partners has validated our differentiated value proposition—we have consummated Partnerships with 35 firms since the beginning of 2020, for a total of $538.7 million of Acquired Revenue, which includes eight “Top 100” firms since 2020, more than any other peer in our industry.” 10-K for 2023	acquisition	since the beginning of 2020	$538.7 million of Acquired Revenue
Wholesale Business Word for word“Our specialty wholesale broker business, which was sold on March 1, 2024” 10-K for 2024	divestiture	March 1, 2024	—
Westwood Insurance Agency Word for word“Westwood Insurance Agency, a 2022 partner” 10-K for 2024	acquisition	2022	—
35 firms (partnerships) Word for word“We believe our success attracting high quality partners has validated our differentiated value proposition—we have consummated partnerships with 35 firms since the beginning of 2020, for a total of $538.7 million of Acquired Revenue, which includes eight “Top 100” firms since 2020, more than any other peer in our industry.” 10-K for 2024	acquisition	since the beginning of 2020	$538.7 million of Acquired Revenue
CAC Group Word for word“For example, on January 1, 2026, we completed the previously announced partnership with CAC Group, a nationally recognized specialty and middle-market insurance brokerage firm.” 10-K for 2025	acquisition	January 1, 2026	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Goodwill from acquisitions
2018-12-31	$35.1 million	$38.3 million
2019-12-31	$98.4 million	$98.7 million
2020-12-31	$669.2 million	$487 million
2021-12-31	$668 million	$579.4 million
2022-12-31	$387.9 million	$187.8 million
2023-12-31	$0	—
2024-12-31	$0	—
2025-12-31	$85.5 million	$104.8 million

Deal filings since 2016

2026-09-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-01-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-01-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2025-12-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-09-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-01-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-10-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-05-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-09-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-03-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-12-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-09-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-08-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-07-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2021-06-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-01-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-12-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-12-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-10-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-06-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-06-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-04-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-03-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-02-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-01-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2019-12-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-10-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Baldwin Insurance Group’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.