TAMPA, FL – The Baldwin Group (“Baldwin” or the “Company”) (NASDAQ: BWIN), a leading independent insurance brokerage and advisory firm delivering tailored insurance solutions to a wide range of personal and commercial clients, today announced it has completed the acquisition of Capstone Group (“Capstone”), a full-service, multi-line independent insurance brokerage firm headquartered in the Philadelphia area.
Founded on a people-first philosophy and a commitment to long-term client relationships, Capstone has built a reputation for excellence in the insurance industry. Specializing in risk management, group health & ancillary benefits, and property & casualty insurance solutions, Capstone has consistently achieved double-digit organic growth since its founding in 2013. With its holistic approach to the marketplace and tailored risk management offerings, Capstone has positioned itself as a premier independent insurance brokerage in one of the largest economic centers in the United States, serving a diverse regional economy that includes sectors such as healthcare, finance, construction, manufacturing, private equity, and technology.
Capstone’s hands‑on service model and team‑first culture align naturally with Baldwin’s client‑centric and entrepreneurial approach, creating meaningful synergies that enable Capstone to maintain its personalized, high‑touch service while accessing Baldwin’s broader resources and scalable infrastructure. This partnership expands Baldwin’s regional presence and enhances its ability to deliver comprehensive risk management solutions to a wider client base. Together, the combined organization is positioned for long‑term growth, innovation, and superior client outcomes, grounded in shared values and a commitment to exceptional service.
“We are thrilled to welcome Capstone to The Baldwin Group,” said Dan Galbraith, President, The Baldwin Group, and Chief Executive Officer, Retail Brokerage Operations. “Capstone’s holistic approach to risk management and their commitment to client success mirrors our own. We both work to transcend what our clients expect from traditional insurance and benefits brokers, making them a natural fit for our firm. Together, we are poised to deliver even greater value to our clients while maintaining the extraordinary culture that Capstone has cultivated over the years.”
“Capstone was founded on the belief that clients deserve more than transactional insurance placement—they deserve strategic consultation and true partnership,” said Kevin Fox, Managing Partner of Capstone Group. “As our clients’ needs have grown more complex and our industry continues to evolve, it became clear that aligning with a like-minded firm built for the future was essential. With The Baldwin Group, our combined regional relationships, infrastructure and global resources will help accomplish our goal of delivering a sustainable, competitive advantage to our team and to our clients for years to come.”
Source: The Baldwin Group
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