---
schema_version: "secwatch.filing_event.v1"
accession: "0001781755-21-000059"
form_type: "8-K"
ticker: "BWIN"
cik: "0001781755"
company_name: "Baldwin Insurance Group, Inc."
filed_at: "2021-09-13T23:59:59+00:00"
generated_at: "2026-06-29T04:17:13.470094+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BRP Group acquires JGS for ~$163M cash plus units; 2021 acquired revenue outlook raised to $175-200M

## Summary
- JGS acquisition: $163.2M cash + 1.8M BRP LLC units; up to $92.9M contingent consideration; close expected Oct 1, 2021.
- Also acquired EBSME ($3M cash) and River Oak ($19M cash) in July/Aug 2021; both with earnouts.
- 2021 Acquired Revenue target raised to $175M-$200M; 2022 target $100M-$150M.
- MGA of the Future policies in force at 652,666 (Sept 13, 2021), up 7.8% from June 30.
- Filed pro forma financials reflecting acquisitions and new $500M Term Loan B and $475M revolver.

## SEC filing metadata
- accession: 0001781755-21-000059
- form_type: 8-K
- ticker: BWIN
- cik: 0001781755
- company_name: Baldwin Insurance Group, Inc.
- filed_at: 2021-09-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781755/000178175521000059/0001781755-21-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781755/000178175521000059/brp-20210910.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001781755-21-000059
- JSON: https://secwatch.observer/filing/0001781755-21-000059.json
- Plain text: https://secwatch.observer/filing/0001781755-21-000059.txt

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