The Baldwin Group has completed the acquisition of Capstone Group, a full-service, multi-line independent insurance brokerage firm headquartered in the Philadelphia area. The transaction further strengthens Baldwin’s position as a leading independent insurance brokerage and advisory firm serving personal and commercial clients across the United States.
Founded in 2013, Capstone Group has built a strong reputation in the insurance industry through a people-first philosophy and a focus on long-term client relationships. The firm specializes in risk management, group health and ancillary benefits, and property and casualty insurance solutions, and has achieved consistent double-digit organic growth since its inception. Capstone serves a diverse regional economy that includes healthcare, finance, construction, manufacturing, private equity, and technology sectors.
Capstone’s holistic approach to risk management and its hands-on service model align closely with Baldwin’s client-centric and entrepreneurial culture. The partnership enables Capstone to continue delivering personalized, high-touch service while gaining access to Baldwin’s broader resources, scalable infrastructure, and national platform. Baldwin said the acquisition enhances its regional footprint and strengthens its ability to provide comprehensive insurance and risk management solutions.
Dan Galbraith, President of The Baldwin Group and Chief Executive Officer of Retail Brokerage Operations, said, “We are thrilled to welcome Capstone to The Baldwin Group. Capstone’s holistic approach to risk management and their commitment to client success mirrors our own. We both work to transcend what our clients expect from traditional insurance and benefits brokers, making them a natural fit for our firm. Together, we are poised to deliver even greater value to our clients while maintaining the extraordinary culture that Capstone has cultivated over the years.”
Capstone leadership said the partnership supports the firm’s long-term vision as client needs become more complex and the insurance industry continues to evolve. Kevin Fox, Managing Partner of Capstone Group, said, “Capstone was founded on the belief that clients deserve more than transactional insurance placement they deserve strategic consultation and true partnership. As our clients’ needs have grown more complex and our industry continues to evolve, it became clear that aligning with a like-minded firm built for the future was essential.”
Fox added, “With The Baldwin Group, our combined regional relationships, infrastructure and global resources will help accomplish our goal of delivering a sustainable, competitive advantage to our team and to our clients for years to come.”
Baldwin said the acquisition positions the combined organization for long-term growth, innovation, and enhanced client outcomes, underpinned by shared values and a continued commitment to exceptional service.
