---
schema_version: "secwatch.filing_event.v1"
accession: "0001781755-21-000040"
form_type: "8-K"
ticker: "BWIN"
cik: "0001781755"
company_name: "Baldwin Insurance Group, Inc."
filed_at: "2021-07-28T23:59:59+00:00"
generated_at: "2026-06-30T01:45:38.548854+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BRP Group acquires FounderShield and TCG assets for $67M cash, stock, plus earnouts up to $107.6M

## Summary
- FounderShield purchase: ~$26.7M cash, 304,628 BRP shares, 364,174 BRP LLC units; earns up to $77.6M contingent.
- TCG purchase: ~$40.4M cash, 653,324 BRP LLC units; earns up to $30.0M contingent consideration.
- Both acquisitions expected to close August 2, 2021, subject to customary closing conditions.
- Securities issued in private placements exempt under Section 4(a)(2); subject to lockup restrictions.
- Acquisitions are 'Partnership' structures via subsidiaries MSI and AHT/BRP Financial.

## SEC filing metadata
- accession: 0001781755-21-000040
- form_type: 8-K
- ticker: BWIN
- cik: 0001781755
- company_name: Baldwin Insurance Group, Inc.
- filed_at: 2021-07-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781755/000178175521000040/0001781755-21-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781755/000178175521000040/brp-20210722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001781755-21-000040
- JSON: https://secwatch.observer/filing/0001781755-21-000040.json
- Plain text: https://secwatch.observer/filing/0001781755-21-000040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.