BWIN: Transformational $1.34B merger creates a top-12 insurance broker with major growth and synergy upside

A transformational merger will create a top-12 insurance broker with over $2B in revenue and 5,000 employees, leveraging complementary strengths for accelerated growth and margin expansion. The $1.34B deal is highly accretive, with $60M in expected synergies and strong stakeholder alignment.

Based on The Baldwin Insurance Group, Inc. [BWIN] M&A Announcement Audio Transcript — Dec. 3 2025