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.
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