Baldwin Group Acquires Capstone Group: A Strategic Insurance Merger

Insurance Market Update: Baldwin Group Completes Acquisition of Capstone Group

January 9, 2026 - The Baldwin Group, a leading independent insurance brokerage and advisory firm, has finalized the acquisition of Capstone Group. Capstone, based in the Philadelphia area, is recognized for its comprehensive services in risk management, insurance brokerage, and employee benefits consulting.

Established in 2013, Capstone Group offers expertise in risk management, group health, ancillary benefits, and property and casualty insurance. Baldwin highlighted that Capstone's service model and culture complement its own, promising continued personalized service supported by Baldwin’s extensive resources and scalable infrastructure.

This acquisition allows Baldwin to strengthen its regional presence and enhance its capability to provide diverse risk management solutions to a broader client base.

Dan Galbraith, President of The Baldwin Group and CEO of Retail Brokerage Operations, expressed enthusiasm about the merger, stating, "Capstone’s commitment to client success and holistic approach mirrors our own. Together, we aim to exceed traditional expectations, delivering enhanced value to our clients."

Kevin Fox, Managing Partner of Capstone Group, remarked on the strategic alignment with Baldwin, noting, "As our industry evolves and clients' needs grow more complex, partnering with a forward-thinking firm like Baldwin was essential. Together, we are equipped to offer a sustainable competitive advantage to our clients through expanded regional relationships and resources."

This collaboration aims to leverage the strengths of both firms to better serve their clients and expand market reach.

[Source: Reinsurance News]