Home / Business and Economy / Aon Nears $17B Deal for Insurance Broker USI
Aon Nears $17B Deal for Insurance Broker USI
31 Aug
Summary
- Aon is close to acquiring USI for approximately $17 billion.
- The deal could significantly boost Aon's reach into midsize businesses.
- KKR is expected to sell USI after acquiring it in 2017.
Aon is in advanced talks to acquire insurance brokerage firm USI for approximately $17 billion, including debt. The Wall Street Journal reported that an agreement could be finalized as early as Monday. This acquisition would allow Aon to enhance its reach into the midsize business sector.
KKR, the current owner of USI, had acquired the company in 2017. The potential sale of USI aligns with KKR's recent pattern of successful asset sales, including data-center cooling firm CoolIT and Circor's aerospace business earlier this year. KKR reported significant asset sales in its most recent quarter.
The proposed deal is expected to bolster Aon's earnings per share, with projections indicating a positive impact as soon as 2028. Aon, a major player in insurance brokerage and consulting, reported strong second-quarter earnings, exceeding analyst expectations.
