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FinanceAon Nears $17 Billion Acquisition of USI Insurance from KKR
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According to a Wall Street Journal report, insurance broker Aon is close to finalizing a deal to acquire USI Insurance Services from private equity firm KKR for approximately $17 billion. The acquisition, if completed, would significantly expand Aon's presence in the middle-market insurance brokerage sector. USI Insurance is a major player in the industry, and KKR has owned it since 2017. The deal highlights ongoing consolidation in the insurance brokerage market, with large firms seeking to scale up through acquisitions. The report indicates that a formal announcement could come soon, though the terms are still being finalized.
Source report
Aon plc is close to acquiring USI Insurance Services from private equity firm KKR & Co. in a deal valued at approximately $17 billion, according to a report by The Wall Street Journal.
Key Details
- Acquirer: Aon plc, the global professional services firm
- Target: USI Insurance Services, an insurance brokerage and consulting firm
- Seller: KKR & Co., the private equity firm
- Deal Value: Approximately $17 billion
- Status: Deal nearing finalization
The transaction, if completed, would mark a significant expansion for Aon in the insurance brokerage sector. Further details regarding the deal structure and timeline have not yet been disclosed.
Source
All NewsWestern
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Aon Nears $17 Billion Deal to Acquire USI Insurance from KKR