Baldwin Group to Buy CAC Group for About $1B in Cash and Stock

Independent insurance agencies The Baldwin Group and CAC Group have agreed to merge to create one of the largest independent insurance advisory and distribution platforms in the U.S.Baldwin said the purchase price of about $1.03 billion consists of $438 million in cash and 23.2 million shares of its stock valued at $589 million. Post-closing payments include a performance-based earnout of up to $250 million and a $70 million deferred payment. The transaction is expected to close in the first quarter of 2026 ...