Aon nears $17 billion deal to buy insurance broker USI from KKR, WSJ reports
Aon is nearing a roughly $17 billion deal, including debt, to acquire insurance brokerage USI from KKR, the Journal reported.
TL;DR
- Aon is nearing a deal to acquire insurance brokerage USI for approximately $17 billion, including debt.
- The seller, USI, is owned by private-equity firm KKR.
- A deal announcement could be made as early as Monday.
- USI is an insurance brokerage and consulting firm specializing in risk management, employee benefits, and retirement consulting.
- KKR acquired USI in 2017 and became its largest shareholder in 2023.
- This potential deal aligns with KKR's recent trend of prominent asset sales.
- The acquisition would help Aon extend its reach to midsize businesses and boost earnings per share.
- Aon recently reported strong second-quarter earnings, though its stock has seen a slight decline.