The Baldwin Group, an independent insurance brokerage and advisory firm based in Tampa, will merge with the CAC Group in a deal worth just over $1 billion.
Cobbs Allen, a Birmingham brokerage firm, formed CAC Specialty in 2019. A merger in 2023 formed the CAC Group, which now has headquarters in Birmingham and Denver.
With the new merger, the combined companies will have 5,000 employees in all major markets across the U.S.
“This is a transformational moment for The Baldwin Group. This combination brings together two highly complementary firms, aligned in culture and values, yet distinct in expertise, business mix and geographic footprint. By uniting CAC’s deep specialty capabilities with Baldwin’s scale and diversified platform, we create a stronger, more balanced organization that can deliver exceptional solutions for clients and unmatched opportunities for colleagues,” said Trevor Baldwin, CEO of The Baldwin Group. “CAC has built an enviable specialty firm, and we are looking forward to welcoming their exceptional team to The Baldwin Group.”
Erin Lynch, CEO of CAC Group, said, “Coming together with Baldwin gives us the scale and infrastructure to accelerate everything that makes CAC distinctive: our specialty expertise, entrepreneurial mindset and relentless focus on client success. 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.”
The merger is expected to be finalized in the first quarter of 2026.
