The Baldwin Insurance Group Majority Stake To Be Acquired In $7.7 Bln All-Cash Deal, Stock Rises

The Baldwin Insurance Group agreed to a transaction under which an entity formed by Sequence Holdings and DFO Management will acquire a majority interest at an enterprise value of approximately $7.7 billion in cash. The sizable cash-backed control investment is likely to be a meaningful positive catalyst for BWIN shares and could drive sector interest in insurance-brokerage consolidation.