The Dell family office and Sequence acquire Baldwin for $7.7 billion.

Michael Dell's family office and Sequence Holdings acquired Baldwin Insurance Group Inc. in an all-cash deal valued at $7.7 billion. DFO Management and Sequence will form an entity to hold a majority stake in Baldwin, with some Baldwin employees retaining a minority stake. The deal offers a premium to Baldwin investors, who will receive $32.50 per share in cash, and is expected to close in the first quarter of 2027.