CPI | Aon Nears $17 Billion Acquisition in Insurance Brokerage Push
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The potential transaction could be announced as soon as Monday, according to The Wall Street Journal , which cited people familiar with the matter. The newspaper cautioned that the agreement had not yet been completed. The proposed acquisition would rank among the largest recent transactions in the insurance-brokerage industry and would give Aon another sizable platform serving middle-market companies. According to the Journal's Aug. 30 report, USI generates about $3 billion in annual revenue and provides insurance brokerage and consulting services to companies and individuals. USI is based in Valhalla, New York. Private-equity firm KKR acquired the business alongside Canadian investment manager CDPQ in 2017 in a transaction valued at $4.3 billion, according to the Journal. KKR subsequently invested additional capital and increased its ownership position, becoming USI's largest shareholder. For Aon, the acquisition would deepen a push into the middle-market insurance business. The company, which provides commercial risk, reinsurance, health and retirement-related services, has benefited from stronger demand in areas including commercial risk and reinsurance. The USI transaction is expected to add to Aon's earnings per share as early as 2028, the Journal reported, citing a person familiar with the matter. We'd love to be your preferred source for news. Please add us to your...
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