CAC deal reshapes the stability sheet
The headline income improve displays Baldwin’s January 2026 merger with CAC Group, a specialty and middle-market brokerage. CAC was acquired for $1.026 billion in upfront consideration: $438 million in money and 23.2 million Baldwin frequent shares. CAC Group had revenues approaching $295 million heading into the deal and introduced capabilities in pure sources, personal fairness, actual property, building, monetary strains, cyber, and surety. CAC generated $94 million in income this quarter, up 23% from the identical interval in 2025, and its personal fairness group gained 130 new consumer accounts within the interval – a element value noting for brokers assessing how actively CAC’s specialty capabilities are being cross-sold into the broader Baldwin platform because the deal closed.
