Michael Dell’s DFO Management Nears Take-Private Deal for Baldwin Insurance Group

PUBLISHED Sep 13, 2026, 7:50 PM ET

DFO Management, the family office managing the assets of technology billionaire Michael Dell, is in advanced talks to acquire The Baldwin Insurance Group through a take-private transaction. People familiar with the matter stated that discussions are progressing and an agreement could be announced as early as the following week, subject to final negotiations. The transaction is expected to value the Tampa, Florida-based insurance brokerage firm at a premium relative to its current market capitalization, which stands at approximately $4.1 billion. The Baldwin Group traces its corporate roots back to 2006. Co-founder Lowry Baldwin remains one of the organization's largest individual shareholders and serves as the chair of its board of directors. The potential acquisition represents a rare full-scale leveraged buyout executed directly by DFO Management, following previous large-scale transactions.

By Yusra M. | JQJO News

Media Bias

Articles Published:: 25
Right Leaning:: 0
Left Leaning:: 0
Neutral:: 25

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Left: Emphasizes private equity wealth concentration and industry consolidation effects. Center: Reports financial deal terms, market valuations, and corporate strategy neutrally. Right: Focuses on private enterprise expansion, capital allocation, and market efficiency.