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Aon Nears $17B Deal for Rival USI
31 Aug
Summary
- Aon is close to acquiring USI for approximately $17 billion.
- KKR, current owner of USI, seeks another significant divestment.
- The deal is expected to boost USI's capabilities for midsize businesses.
Aon Plc is on the verge of acquiring USI Insurance Services, a transaction valued at approximately $17 billion, including debt. The deal is reportedly close to being finalized, with an announcement anticipated as early as Monday, provided negotiations conclude successfully. This potential acquisition would mark a significant move for Aon in the insurance brokerage sector.
KKR, which currently owns USI, is looking to achieve another substantial exit through this sale. The private equity firm, alongside a Canadian pension fund, originally purchased USI in 2017 for $4.3 billion. Since then, KKR has been the largest shareholder, having made additional investments exceeding $1 billion.
The acquisition is projected to strengthen USI's capacity to serve midsize businesses. Furthermore, it is expected to positively impact earnings per share for Aon as early as 2028. Both Aon and USI, along with KKR, have yet to comment on the ongoing reports.
