Business & Finance
Aon nears $17 billion deal to acquire insurance broker USI, WSJ reports
A transaction to buy USI from private-equity firm KKR could be announced as early as Monday.
The short version
- Insurance broker Aon is in advanced talks to acquire USI from private-equity firm KKR in a deal valued at roughly $17 billion including debt.
- The acquisition would expand Aon's coverage of midsize corporate clients and is projected to increase its earnings per share by 2028.
- An official agreement could be announced as soon as Monday, according to sources cited by The Wall Street Journal.
Key facts
- Aon is nearing an agreement to buy Valhalla, New York-based insurance brokerage USI from KKR for approximately $17 billion, including debt.[CNBC]
- USI generates around $3 billion in annual revenue and specializes in risk management, employee benefits, and retirement consulting.[CNBC]
- KKR originally purchased USI from private-equity firm Onex in 2017 and became its primary shareholder in 2023.[CNBC]
- Aon currently holds a market capitalization of $75 billion.[CNBC]
What remains uncertain
- The transaction has not been officially finalized or publicly confirmed by the involved companies, and terms remain subject to potential changes or failure to finalize.[CNBC]