CAC Group, a company founded in Birmingham, is merging with Tampa-based Baldwin Group in a deal valued at $1.026 billion.
The merger is expected to close in the first quarter of 2026 and will create one of the largest independent insurance advisory and distribution platforms in the U.S.
A $1 Billion Transaction
The purchase includes $438 million in cash and 23.2 million shares of stock, valued at $589 million. The deal will strengthen Baldwin Group’s Insurance Advisory Solutions (IAS) segment by integrating CAC’s expertise in natural resources, private equity, real estate, senior living, education, and construction.
Expanding Expertise and Capabilities
Baldwin sought CAC’s specialty product lines, data, and analytics to enhance its services. The combined organization will employ nearly 5,000 people across multiple platforms, offering expanded resources and capabilities to clients.
Leadership Insights
CAC Group CEO Erin Lynch said the merger will provide the “scale and infrastructure to accelerate everything that makes CAC distinctive: our specialty expertise, entrepreneurial mindset and relentless focus on client success.” Baldwin Group CEO Trevor Baldwin added that while the companies are aligned in culture, each brings distinct expertise to the partnership.
“This merger positions us to deliver more for clients and create expanded opportunities for colleagues while staying true to the values that have fueled our growth,” Lynch said.
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