TAMPA, Fla.--(BUSINESS WIRE)-- The Baldwin Group has announced that its subsidiary, Westwood Insurance Agency LLC, has entered into an agreement to acquire the homebuilder distribution network from Hippo Holdings, Inc. This acquisition will enhance Westwood's position as a leading insurance agency in the homebuilding sector. The network, which added eight new homebuilders to Westwood's client roster, generated approximately $29.2 million in revenue over the past year and is expected to deliver around $7 million in adjusted EBITDA in the following year. The transaction is anticipated to close around July 1, 2025, subject to certain conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hippo Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250612631579) on June 12, 2025, and is solely responsible for the information contained therein.