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Baldwin Insurance appoints interim CAO; annual meeting elects directors with notable withhold votes for Ellyn Shook
Johnathan Daniel appointed interim CAO effective mid-to-late June 2026 during Corbyn Lichon's maternity leave.
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Baldwin Insurance Q1 revenue up 29% to $532.2M; adjusted EBITDA up 21% to $137.2M
Total revenue grew 29% YoY to $532.2M; organic revenue growth of 2%.
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Baldwin Insurance reports full year 2025 revenue $1.5B (+8% YoY), net loss $54.2M; launches $250M buyback
Full year revenue $1.5B, +8% YoY; organic revenue growth 7%.
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Baldwin Insurance closes $438M cash + 23.2M shares acquisition of Cobbs Allen
Completed acquisition of Cobbs Allen Capital Holdings on Jan 1, 2026; aggregate consideration $438M cash and 23.2M shares of BWIN Class A common stock.
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Baldwin Insurance files legal opinion from Greenberg Traurig, no material news
Filing solely to include Exhibit 5.1 (legal opinion) and Exhibit 23.1 (consent).
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Baldwin Group to merge with CAC Group for $1.026B upfront; EPS accretion over 20%
Total upfront consideration of $1.026B: $438M cash plus 23.2M shares valued at $589M (30-day VWAP); implied multiple 7.9x 2025E PF Adj. EBITDA.
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Baldwin Insurance Q3 revenue up 8% to $365.4M but net loss of $30.2M; adj. EPS $0.31
GAAP net loss of $30.2M, diluted loss per share $0.27; adjusted diluted EPS $0.31 (-6% YoY).
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Baldwin Insurance reprices $931M term loan, adds $75M incremental debt, lowers revolver margin
Repriced $931.1M senior secured first lien term loan facility to SOFR + 2.50% margin.
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Baldwin Q2 revenue up 11% to $378.8M; adjusted diluted EPS up 24% to $0.42
Total revenue $378.8M (+11% YoY); organic revenue growth also 11%.
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Baldwin Insurance shareholders elect directors and approve say-on-pay at annual meeting
Directors elected: Kadow (83.5M for), Sullivan (84.6M for), Williams (85.0M for); broker non-votes 4.3M.
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Baldwin Group Q1 2025 total revenue $413.4M (+9% YoY), organic growth 10%, adj. EBITDA $113.8M (+12%)
Total revenue $413.4M, up 9% YoY; organic revenue growth of 10%.
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Baldwin Insurance Q4 revenue +16% YoY; organic +19%; adj EPS +93% to $0.27
Total revenue $329.9M (+16% YoY); organic revenue growth 19%.
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Baldwin Insurance Group adds $100M term B loans, ups facility to $935.8M
Incremental $100M term B loans added on Jan 10, 2025, increasing total term loan facility to $935.8M.
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Baldwin Group Q3 2024: revenue $338.9M, organic growth 14%; adj. EPS $0.33, +14% YoY
Total revenue $338.9M (+11% YoY); organic revenue growth of 14%.
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Baldwin Insurance enters new stockholders agreement with key holders after Delaware court ruling
New Stockholders Agreement dated Oct 30, 2024, with BIGH, LLC (Lowry Baldwin), Trevor Baldwin, Brad Hale, Daniel Galbraith, James Roche.
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Baldwin Q2 revenue up 14% to $339.8M, net loss $30.9M, adj. EPS $0.34 (+26%)
Total revenue $339.8M, +14% YoY; organic revenue growth 19%.
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Baldwin Insurance shareholders elect directors, approve say-on-pay and auditor ratification
Elected Trevor Baldwin, Jay Cohen, Barbara Matas as Class II directors; each received >87M votes for, 10-12M withheld, 4M broker non-votes.
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Baldwin Insurance issues $600M 7.125% notes, $840M term loan, refinances debt
$600M 7.125% Senior Secured Notes due 2031 issued at par; semi-annual interest starting Nov 2024.
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Baldwin Insurance Group prices $600M 7.125% notes due 2031 and $840M term loan, $600M revolver to refinance debt
Priced $600M of 7.125% senior secured notes due 2031, upsized from $500M.
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Baldwin Insurance Group plans $500M notes offering, $1.44B credit facilities to refinance existing debt
$500M senior secured notes due 2031 offered via 144A/Reg S; new $840M term loan (2031) and $600M revolver (2029) also announced.
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Baldwin Insurance Q1 revenue $380.4M, organic growth 16%, adjusted EBITDA margin 27% (280bps expansion)
Total revenue $380.4M (+15% YoY); organic revenue growth 16%.
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BRP Group Q4 revenue up 16% to $284.6M; GAAP net loss $62.5M, adjusted EPS $0.14
Full-year 2023 total revenues $1.2B (+24% YoY); organic revenue growth 19%.
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BRP Group promotes Galbraith and Roche to Co-Presidents effective Jan 18, 2024
Daniel Galbraith, former COO, named Co-President and CEO of Retail Brokerage Operations.
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BRP Group Q3 revenue up 18% to $306.3M, adjusted EBITDA up 53% to $64M
Revenue $306.3M (+18% YoY); organic revenue growth 19%.
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BRP Group subsidiary enters $170M incremental term loan facility, raises total term loans to $1.02B
Baldwin Risk Partners borrows $170M incremental Term Loan B under amended Credit Agreement, increasing existing term facility from $850M to $1.02B.
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BRP Group Q2 2023 revenue $297.2M +28% YoY, organic growth 22%, GAAP net loss $0.40/share
Revenue $297.2M, up 28% YoY; organic revenue growth of 22%.
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BRP Group shareholders elect all director nominees, approve say-on-pay, ratify PwC as auditor
All four Class I director nominees elected: Baldwin (85.0M for), Muthukrishnan (97.3M), Parasuraman (85.5M), Shook (76.6M).
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BRP Group Q1 revenue $330.4M (+36% YoY); organic growth 23%
GAAP net loss $25.9M ($0.24 diluted loss); Adjusted Net Income $49.2M ($0.42 per share).
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BRP Group recasts segments: MainStreet/Medicare combined, Middle Market/Specialty rebranded
MainStreet and Medicare segments merged into Mainstreet Insurance Solutions effective Jan 2023.
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BRP Group Q4 revenue up 55% to $246M; GAAP net loss $91.5M, adjusted EPS $0.12
Q4 revenue $246.0M (+55% YoY); full-year revenue $980.7M (+73% YoY).
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BRP Group Q3 2022 revenue up 91% to $259.4M; organic growth 28%; GAAP loss $0.43/sh
GAAP net loss of $46.7M ($0.43 loss per diluted share).
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BRP Group Q2 revenue up 94% to $232.5M; organic growth 24%, adjusted EBITDA up 112%
Q2 revenue $232.5M (+94% YoY); organic growth 24%; pro forma revenue $239.9M (+100%).
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BRP Group shareholders elect directors and approve say-on-pay at 2022 annual meeting
Joseph Kadow, Chris Sullivan, Kris Wiebeck, Myron Williams elected to board with majority 'for' votes.
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BRP Group Q1 revenue up 59% to $242.8M; organic growth 16%; acquires Westwood Insurance
GAAP net income $44.8M ($0.39 diluted EPS); Adjusted Net Income $57.5M ($0.50 per share).
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BRP Group closes acquisition of Westwood Insurance Agency; borrows $380M to fund deal
Acquired all outstanding equity of Westwood Insurance Agency on April 29, 2022; financial terms not disclosed.
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BRP Group expands credit facility to $600M, extends maturity to 2027
Revolving commitments increased from $475M to $600M, maturity extended to April 1, 2027.
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BRP Group grants CEO 49,926 target PSUs and $437,500 restricted stock; other executives receive smaller grants
CEO Trevor Baldwin receives 49,926 target PSUs (60% TSR-based, 40% CAGR) and $437,500 restricted stock.
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BRP Group Q4 revenue $159.2M (+129% YoY); full year revenue $567.3M (+135% YoY)
Q4 revenue $159.2M, up 129% YoY; organic revenue growth 18% YoY. Q4 GAAP net loss $44.4M ($0.41/share).
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BRP Group subsidiary upsizes term loan facility by $350M to $850M via Amendment No. 4
Baldwin Risk Partners LLC borrowed $350M in incremental term B-1 loans from JPMorgan Chase.
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BRP Group expands board from 7 to 11 with four new directors effective Jan 1, 2022
Appoints Sunita Parasuraman (Meta), Ellyn Shook (Accenture), Myron Williams (former UPS president), and current CSO Kris Wiebeck.
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BRP Group unit to acquire Construction Risk Partners for up to ~$238.5M
Upfront cash of ~$139.0M plus 936,013 BRP LLC units and corresponding Class B shares.
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BRP Group Q3 revenue $135.6M (+106% YoY); organic growth 26%; GAAP loss $0.28/share
Revenue $135.6M, up 106% YoY; organic revenue growth 26%.
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BRP Group to acquire WGB assets for $114M cash, stock; close Dec 1, 2021
Upfront consideration: ~$114M cash, 201,189 shares of Class A common stock, and 696,897 BRP LLC units exchangeable for Class A shares.
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BRP Group closes public offering of 9.2M shares of Class A common stock
Entered underwriting agreement to sell 8M shares with option for 1.2M additional shares, both exercised.
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BRP Group acquires JGS for ~$163M cash plus units; 2021 acquired revenue outlook raised to $175-200M
JGS acquisition: $163.2M cash + 1.8M BRP LLC units; up to $92.9M contingent consideration; close expected Oct 1, 2021.
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BRP Group to acquire K&S Insurance Agency for ~$82.2M cash plus equity; up to $51.4M contingent
Upfront consideration: ~$82.2M cash + 1,018,874 BRP LLC units (redeemable for BRP Class A common stock).
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BRP Group increases revolving credit facility to $475M via Amendment No. 3
Revolving commitments increased from $400M to $475M, adding $75M incremental commitments.
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BRP Group Q2 revenue $119.7M (+133% YoY), organic growth 32%, adjusted EBITDA up 143%
Revenue $119.7M (+133% YoY); organic revenue growth 32%; MGA of the Future revenue $20M (+52%).
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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.
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BRP Group closes acquisition of RogersGray for ~$138M cash plus equity
Baldwin Krystyn Sherman Partners and Millennial Specialty Insurance acquired RogersGray assets.