Key facts
- DFO Management and Sequence Holdings are nearing a $7.7 billion deal to take Baldwin Insurance Group private.
- The deal will allow Baldwin Insurance Group to invest in AI with greater flexibility and patient capital.
- Baldwin Insurance Group reported a 14% year-over-year increase in adjusted diluted earnings per share to 48 cents in Q2 2025.
- Total revenue for Baldwin Insurance Group increased 30% year-over-year to $492.9 million in Q2 2025.
Michael Dell's investment firm, DFO Management, and Sequence Holdings are nearing a deal to take Baldwin Insurance Group private in a transaction valued at $7.7 billion, according to a Monday report from Reuters. The Financial Times had previously reported that DFO Management was nearing a deal for the insurance distributor, citing people familiar with the matter, with Baldwin valued at around $4.14 billion.
Baldwin Insurance Group, based in Tampa, Florida, provides risk management solutions, insurance advisory, and tech-enabled underwriting services. In the second quarter of 2025, the company reported a 14% year-over-year increase in adjusted diluted earnings per share to 48 cents, while total revenue rose 30% year-over-year to $492.9 million.