Aon Confirms $17 Billion All-Cash Purchase of USI Insurance Services From KKR

M&A · PartnershipCorporate Action Impact 4
โดย Insider Monkey·US·Read original
Summary · why it matters

Aon Plc confirmed on August 31 that it will buy USI Insurance Services from KKR & Co. Inc. for $17.0 billion in an all-cash deal funded by new debt. Aon expects $395 million in annual run-rate synergies, with the deal accretive to adjusted earnings per share in 2028, and CEO Greg Case said the combination creates the "premier U.S. middle-market platform." KKR, USI's largest shareholder, expects to book about $3.3 billion in after-tax proceeds plus about $2 billion in adjusted net income; under KKR's ownership USI nearly tripled its revenue and completed more than 90 acquisitions. Aon plans to fund the entire $17 billion purchase with new debt and does not expect near-term share buybacks as it prioritizes debt repayment, and the acquisition builds on Aon's 2024 purchase of NFP. Aon shares fell in premarket trading on the news, Reuters reported.

Impact on stocks 3

Climate Adaptation & Water▼ · 1 stocks
Aon PLC
AON
▼ NegativeCapitalrelevance

Aon will fund the $17B all-cash USI acquisition with new debt, forgoing near-term buybacks to prioritize repayment.

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

KKR expects about $3.3B in after-tax proceeds plus ~$2B in adjusted net income from selling USI.

Electrification & Mobility▲ · 1 stocks

Off-coverage companies 1

USIインシュアランス・サービシズPrivate± Mixed
Capitalrelevance

USI is being acquired by Aon for $17B, ending KKR ownership after revenue nearly tripled and 90+ acquisitions.

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