Aon nears $17B deal to buy KKR-backed USI Insurance

M&A · Partnership
โดย Investing.com·US·Read original
Summary · why it matters

Aon is close to signing a deal to buy USI Insurance, a Valhalla, New York-based insurance brokerage backed by KKR, for around $17 billion including debt, according to the Wall Street Journal. The deal could be announced as soon as Monday. Aon, with a market value of roughly $75 billion, would acquire a firm generating about $3 billion in annual revenue, implying a purchase multiple of roughly 5.7 times sales. For KKR, the transaction would mark a significant payday on an investment that has appreciated dramatically since it acquired USI alongside Canadian pension investor CDPQ from Onex in 2017 for $4.3 billion. The potential deal extends Aon's pattern of midmarket brokerage acquisitions, following its 2024 purchase of NFP for about $13 billion. An earlier attempt by Aon to merge with Willis Towers Watson collapsed in 2021 due to antitrust objections.

Impact on stocks 4

Climate Adaptation & Water▲ · 1 stocks
Aon PLC
AON
▲ PositiveCapitalrelevance

Aon is nearing a ~$17B deal to acquire USI Insurance, extending its midmarket brokerage acquisition strategy.

Aging Population▲ · 1 stocks
KKR & Co. Inc.
KKR
▲ PositiveCapitalrelevance

KKR would realize a significant payday on its USI investment, which has appreciated dramatically since its 2017 purchase.

Industrials▲ · 1 stocks
Financials▲ · 1 stocks

Off-coverage companies 2

USIインシュアランス・サービシズPrivate▲ Positive
Capitalrelevance

USI Insurance is the target of Aon's ~$17B acquisition, generating about $3B in annual revenue.

ＣＤＰＱPrivate± Mixed
relevance

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