M&A Deal Summary

Baldwin Group Acquires Hippo - Homebuilder Distribution Network

On June 12, 2025, Baldwin Group acquired distribution company Hippo - Homebuilder Distribution Network from Hippo Insurance Services

Acquisition Highlights
  • This is Baldwin Group’s 1st transaction in the Distribution sector.
  • This is Baldwin Group’s 22nd transaction in the United States.
  • This is Baldwin Group’s 3rd transaction in California.

M&A Deal Summary

Date 2025-06-12
Target Hippo - Homebuilder Distribution Network
Sector Distribution
Buyer(s) Baldwin Group
Sellers(s) Hippo Insurance Services
Deal Type Divestiture

Target

Hippo - Homebuilder Distribution Network

Palo Alto, California, United States
Hippo's Homebuilder Distribution Network provides distribution network services for Home builders.

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Buyer(S) 1

Buyer

Baldwin Group

Tampa, Florida, United States

Category Company
Founded 2011
Sector Insurance
Employees3,802
Revenue 1.4B USD (2024)
DESCRIPTION

Baldwin Group is an independent insurance distribution firm delivering tailored insurance and risk management insights and solutions that give our clients the peace of mind to pursue their purpose, passion, and dreams. Baldwin Group was incorporated in 2011 and is based in Tampa, Florida.


DEAL STATS #
Overall 22 of 23
Sector: Distribution M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: California M&A 3 of 3
Country: United States M&A 22 of 23
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 National Health Plans & Benefits Agency

Fraser, Michigan, United States

National Health Plans & Benefits Agency is a provider of individual health insurance products, predominantly for individuals under 65. National Health Plans & Benefits Agency is based in Fraser, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-02 CAC Group

Denver, Colorado, United States

CAC Group is an insurance broker and advisor that provides advisory and placement services across a spectrum of insurance and capital-markets solutions. CAC Group is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

Hippo Insurance Services

Palo Alto, California, United States

Category Company
Founded 2015
Sector Insurance
Employees478
Revenue 372M USD (2024)
DESCRIPTION

Hippo Insurance Services is a provider of insurance services. Hippo allows homeowners to get a quote and purchase home insurance online in 60 seconds or less, save up to 25 percent compared with traditional insurers, and obtain smarter coverage for modern households. Hippo Insurance Services was founded in 2015 and is based in Palo Alto, California.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-03 Spinnaker Insurance

Bedminster, New Jersey, United States

Spinnaker Insurance is a national property and casualty insurer rated A- by A.M. Spinnaker Insurance is based in Bedminster, New Jersey.

Buy -