Aon PLCAon is close to a ~$17B acquisition of USI Insurance Services, a major M&A expansion of its brokerage business.
Aon is close to acquiring USI Insurance Services from private-equity firm KKR in a transaction valued at roughly $17 billion including debt, according to The Wall Street Journal. The insurance brokerage could announce the agreement as early as Monday, though the timing depends on successful talks. The acquisition would mark a major expansion for Aon, strengthening its position in the competitive commercial insurance brokerage market. For KKR, the sale would provide an exit from one of its sizable insurance-services investments. Neither Aon, KKR, nor USI had announced an agreement at the time of the report.
Aon PLCAon is close to a ~$17B acquisition of USI Insurance Services, a major M&A expansion of its brokerage business.
KKR & Co. Inc.KKR would exit its sizable USI insurance-services investment via the ~$17B sale to Aon.
USI is the target being sold by KKR to Aon, but no agreement had been announced at the time of the report.