secwatch.observer — SEC 8-K summary
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Issuer:     Baldwin Insurance Group, Inc. (BWIN)
CIK:        0001781755
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0001781755-22-000012
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

BRP Group closes acquisition of Westwood Insurance Agency; borrows $380M to fund deal
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- Acquired all outstanding equity of Westwood Insurance Agency on April 29, 2022; financial terms not disclosed.
- Borrowed $380M under revolving credit facility to fund acquisition and for general working capital.
- Total debt outstanding under credit facility now $530M; remaining availability $70M; facility matures 2027.
- Acquisition is part of BRP's ongoing Partnership (M&A) strategy in insurance distribution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781755/000178175522000012/0001781755-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781755/000178175522000012/brp-20220428.htm
  HTML page:      https://secwatch.observer/filing/0001781755-22-000012

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