Key facts
- Michael Dell's DFO Management is nearing a take-private deal for Baldwin Insurance Group.
- The Financial Times reported the news, citing people familiar with the matter.
- Baldwin Insurance Group is valued at around $4.14 billion, according to LSEG data.
- Baldwin reported a 14% year-over-year increase in adjusted diluted earnings per share to 48 cents in the second quarter of 2025.
- The company's total revenue increased 30% year-over-year to $492.9 million in the second quarter of 2025.
Michael Dell's investment firm, DFO Management, is reportedly in advanced negotiations to acquire Baldwin Insurance Group in a transaction that would take the company private. The Financial Times reported the potential deal, citing individuals with knowledge of the matter. Reuters could not immediately verify the report, and neither Baldwin nor DFO Management immediately responded to requests for comment.
Baldwin Insurance Group, based in Tampa, Florida, provides risk management solutions, insurance advisory, and tech-enabled underwriting services. According to LSEG data, the company has a valuation of approximately $4.14 billion. In the second quarter of 2025, Baldwin reported a 14% year-over-year increase in adjusted diluted earnings per share to 48 cents, with total revenue rising 30% year-over-year to $492.9 million.