CAC Group Acquired by Baldwin Group Brokerage | Financial Services M&A Deal

Baldwin Group Brokerage has completed the acquisition of CAC Group, a insurance brokerage business in Florida, for $26 million. CAC Group provides insurance brokerage services, and the Baldwin Group Brokerage acquisition expands its Florida agency footprint and strengthens its commercial insurance distribution. Baldwin Group Brokerage acquisitions also support growth in financial services M&A by adding new client relationships and expanding brokerage capabilities in the Tampa area. The strategic acquisition is structured as an add on acquisition within a broader FL acquisitions program, following a busy merger year for the publicly traded firm. Deal size was reported at $26 million, with Baldwin Group Brokerage positioning the CAC Group acquisition as part of its insurance brokerage acquisition strategy.