secwatch.observer — SEC 8-K summary
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Issuer:     Baldwin Insurance Group, Inc. (BWIN)
CIK:        0001781755
Form:       8-K
Filed at:   2021-09-13T23:59:59+00:00
Accession:  0001781755-21-000059
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781755/000178175521000059/0001781755-21-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781755/000178175521000059/brp-20210910.htm
  HTML page:      https://secwatch.observer/filing/0001781755-21-000059

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