secwatch.observer — SEC 8-K summary
======================================

Issuer:     Baldwin Insurance Group, Inc. (BWIN)
CIK:        0001781755
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0001781755-21-000040
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781755/000178175521000040/0001781755-21-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781755/000178175521000040/brp-20210722.htm
  HTML page:      https://secwatch.observer/filing/0001781755-21-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer