Mergers & Acquisitions ·
Baldwin Insurance Group reports Q3 revenue of $480.3M and proposes $32.50 per share take-private merger
BWINBaldwin Insurance Group, Inc.
The Baldwin Insurance Group, Inc. announced preliminary third-quarter 2026 financial results showing total revenue of $480.3 million, a 31% increase from the prior-year period, driven by organic growth of 6%. The company reported a GAAP net loss of $81.6 million and adjusted EBITDA of $106.9 million, up 47% year-over-year with an adjusted EBITDA margin expansion to 22.2%. Net cash provided by operating activities was $54.2 million, while adjusted free cash flow increased 33% to $55.6 million. Additionally, the company reaffirmed its proposed all-cash take-private merger agreement with an investor group led by Sequence Holdings and DFO Management, LLC, under which shareholders will receive $32.50 per share in cash. The transaction is expected to close during the first quarter of 2027, subject to shareholder approval and regulatory conditions. Baldwin Insurance Group operates as an independent insurance distribution firm delivering tailored insurance solutions to personal and commercial clients.