The Baldwin Group Roars into Q1 2026 with Record-Breaking Partnerships and Unstoppable Organic Growth
The Baldwin Group kicked off its fiscal year 2026 with a bang, releasing first quarter earnings that far exceeded investor expectations. The company's quarterly results, which were reported earlier this afternoon, revealed total revenue of $532 million, adjusted EBITDA of $137 million, and adjusted diluted earnings per share of $0.63.
The strong start to the year was largely driven by the successful integration of partnerships with CAC, Obie, and Capstone, which closed in January. These strategic alliances not only expanded The Baldwin Group's service offerings but also brought in a significant influx of new revenue streams. Collectively, these partnerships grew 27% over Q1 of 2025, delivering remarkable results for the company.
Insurance Advisory Solutions (IAS), one of The Baldwin Group's core business segments, also demonstrated impressive organic growth during the quarter, with overall revenue increasing by 4%. This growth was fueled by sales velocity, which rose to 13% before accounting for the contributions from CAC and Capstone. Including these acquired businesses, combined sales velocity reached a staggering 24%, further solidifying the company's position in the market.
One of the standout performers during Q1 was CAC, which generated new business of $38 million, representing a 39% increase over the same period in the prior year. Total revenue for CAC came in at $92 million, reflecting growth of 27% compared to Q1 2025. The company's sales velocity across all product lines stood at 61%, with recurring lines of business experiencing a 15% increase.
The Baldwin Group's leadership team was thrilled with the early contributions from CAC and Capstone, describing them as "truly remarkable" starts to the year. The integration process is also proceeding ahead of schedule, with over $34 million in cost synergies already realized – nearly 80% of the three-year target laid out on the company's last call.
The strong Q1 performance has set a high bar for The Baldwin Group as it looks to build on this momentum throughout the remainder of the year. With its expanded service offerings, increased revenue streams, and impressive organic growth, the company is well-positioned to continue delivering value to shareholders and customers alike.
