The Baldwin Group Acquires Capstone Group

The Baldwin Group Completes Merger with CAC Group

January 2, 2026

Financial Services

The Baldwin Group (NASDAQ: BWIN) announced it has completed a previously announced merger transaction with CAC Group, a nationally recognized, employee‑owned specialty and middle‑market insurance brokerage. The deal expands Baldwin's specialty insurance, middle‑market and employee benefits capabilities and furthers its inorganic growth strategy to scale distribution and advisory services.

Baldwin Supply Company Acquires Construction & Aggregate Products, Inc.

December 29, 2025

Industrial Services

Baldwin Supply Company, a privately owned Midwest industrial distributor headquartered in Plymouth, Minnesota, has acquired Construction & Aggregate Products, Inc. (CAP), a distributor with locations in Des Moines, Iowa and Lenexa, Kansas. The acquisition expands Baldwin Supply's regional footprint and capabilities to better serve customers in aggregate, mining and construction markets.

Huntington Bancshares Acquires Capstone Partners

March 1, 2022

Financial Services

Huntington Bancshares Incorporated has entered into a definitive agreement to acquire Capstone Partners, a leading middle-market investment banking and advisory firm. The acquisition adds M&A, capital advisory and financial advisory capabilities to Huntington's Capital Markets offerings to better serve middle-market commercial banking clients; terms were not disclosed.

Businessolver Acquires The Capstone Group

February 15, 2024

Professional Services

Businessolver, a Denver-based SaaS employee benefits and HR technology provider, has acquired The Capstone Group, a firm specializing in employee benefits outsourcing, risk management and compliance solutions. The acquisition expands Businessolver's benefits technology and outsourcing capabilities—including broader deployment of the ComplianceDashboard product—and aims to deepen service support for pooled-insurance group clients; terms were not disclosed.

BRP Group Acquires The Capital Group

August 2, 2021

Financial Services

BRP Group, Inc. (NASDAQ: BRP) has acquired substantially all assets of TCG Financial Holding Company, LLC, which operates as The Capital Group, a Bethesda-based provider of employee benefits consulting, retirement plan consulting, wealth advisory and commercial insurance brokerage services. The transaction adds over 50 colleagues and deepens BRP Group's capabilities in employee benefits, wealth advisory and retirement consulting while increasing scale in the D.C. Metro region and key end markets such as government contracting, technology and non-profits.

AssuredPartners Acquires Baldwin Insurance Agency & Welsh & Parker Insurance Agency

August 17, 2021

Insurance

AssuredPartners, Inc. announced the acquisition of Baldwin Insurance Agency, Inc. and Welsh & Parker Insurance Agency, Inc. (together "Baldwin | Welsh & Parker") of Wayland, Massachusetts. The 27-person agency team will remain led by President David D'Orlando and Vice President Steven Joyce as part of AssuredPartners' continued northeast expansion.