Aon’s Mega $13.4 Billion Acquisition Shakes Up Insurance World! Unveiling the Game-Changing Move in Middle-Market Domination!”
Aon plc Aon’s Mega has reached an agreement to purchase NFP, a middle-market provider offering property and casualty brokerage, benefits consulting, wealth management, and retirement planning services.
The deal, valued at approximately $13.4 billion upon completion, will include $7 billion in cash and $6.4 billion in Aon stock. Madison Dearborn Partners, along with funds linked to HPS Investment Partners, are selling NFP.
Aon’s Mega
In response to the acquisition, Greg Case, Aon’s CEO, stated, “We have continuously adapted our leading capabilities to better address our clients’ expanding needs in the face of growing market volatility. This acquisition will enhance our relevance to clients, open up opportunities for our team, and further reinforce our shared cultural values.”
This strategic initiative aims to strengthen Aon’s presence in the burgeoning middle-market sector, providing a comprehensive suite of services encompassing risk management, benefits consulting, wealth management, and retirement planning advisory, according to the company.
Doug Hammond, the current Chairman and CEO of NFP, will retain leadership of the business, operating as an independent yet interconnected platform within Aon. Hammond will report to Eric Andersen, President of Aon.
