© Reuters. Aon plc (AON) to amass NFP for $13.4 billion
Aon plc (NYSE:) has agreed to a deal to amass NFP, a middle-market property and casualty dealer, advantages guide, wealth supervisor, and retirement plan advisor.
The acquisition, valued at an estimated $13.4 billion on the time of closure, will contain $7 billion in money and $6.4 billion in Aon inventory.
NFP is being acquired from funds related to its major capital sponsor, Madison Dearborn Companions, and funds affiliated with HPS Funding Companions.
“We have continually evolved our leading capabilities to better serve our clients’ growing needs amidst increasing volatility across the marketplace,” mentioned Greg Case, CEO of Aon.
“The acquisition will advance our relevance to purchasers, create alternatives for our colleagues and additional strengthen our shared cultural values.”
This strategic transfer is ready to bolster Aon’s presence within the increasing middle-market section, providing a complete vary of companies in danger, advantages, wealth administration, and retirement plan advisory, the corporate mentioned.
Doug Hammond, the present chairman and CEO of NFP, will proceed to guide the enterprise as an impartial but interconnected platform inside Aon, reporting to Eric Andersen, President of Aon.
