Baldwin and CAC Group finalise $1.03bn merger deal

The Baldwin Group, a US-based autarkic security brokerage, has concluded its merger with middle-market security brokerage CAC Group for an upfront information of $1.03bn.

The woody was announced successful December 2025.

CAC Group comprises respective divisions: CAC Specialty, which focuses connected specialised security brokerage; CAC Agency, offering spot and casualty, idiosyncratic lines and worker benefits services; and CAC Capital, a structured solutions portion progressive successful security and superior markets.

The woody is expected to beryllium accretive to Baldwin’s 2025 adjusted net per stock (EPS) by much than 20%, based connected projected afloat run-rate synergies and excluding one-off integration and transaction costs.

At the clip of the deal’s announcement, the institution projected that nett leverage volition stay “neutral” astatine closing and that it intends to prosecute accelerated deleveraging done 2028.

The integration is expected to broaden the scope of Baldwin’s Insurance Advisory Solutions conception by incorporating CAC’s expertise successful areas including construction, education, earthy resources, backstage equity, existent property and elder living.

Additionally, the operation volition adhd to Baldwin’s capabilities successful fiscal lines, transactional liability, cyber hazard and surety products, supported by CAC’s information and analytics infrastructure.

The merged endeavor plans to align CAC’s specializer cognition with Baldwin’s middle-market organisation network.

The radical volition besides proceed to run existing reinsurance and managing wide cause (MGA) services and usage exertion platforms developed by Baldwin.

The combined concern has astir 5,000 employees crossed large US markets, serving clients successful retail, specialty, reinsurance and MGA sectors.

"Baldwin and CAC Group finalise $1.03bn merger deal" was primitively created and published by Life Insurance International, a GlobalData owned brand.

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