DFO Management and Sequence Holdings Acquire The Baldwin Group, Inc.

Sequence Holdings and DFO Management announced the acquisition of The Baldwin Group, Inc. on September 23, 2026. The Baldwin Group, Inc. had previously reported on September 14, 2026, that it would be acquired by both firms at a price of $32.50 per share in cash. Following the transaction's closing, The Baldwin Group, Inc.'s shares will no longer be publicly traded, and shareholders will be cashed out.

The buyout means that The Baldwin Group, Inc.'s shares will be removed from public trading, resulting in a complete cash-out for current investors. An investigation is underway to determine if investors received an appropriate payment and whether company officers breached fiduciary duties during the negotiation of the $32.50 per share price.