Aon nears deal to buy USI Insurance from KKR for about $17B
Aon is nearing an agreement to buy USI Insurance from KKR for approximately $17 billion including debt. USI is Valhalla-based and generates roughly $3 billion in annual revenue.
AON is nearing an agreement to buy insurance brokerage USI Insurance from private-equity firm $KKR for approximately $17 billion, including debt.
The Details: · Target business: Valhalla, New York-based USI provides commercial brokerage and employee-benefit consulting, generating roughly $3 billion in annual revenue. · Seller ownership: KKR acquired USI in 2017 with CDPQ for $4.3 billion and later increased its stake to become the largest shareholder. · Strategic fit: The purchase expands Aon's midsize-business services and is expected to increase earnings per share as early as 2028. · Deal timing: An agreement could be announced as soon as Monday if negotiations conclude successfully.