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Aon reaches $17B deal to buy insurance broker USI
Aon has reached an agreement to buy fellow insurance brokerage USI from KKR for $17 billion, including debt, the companies announced on Monday. USI provides services related to risk management, health insurance and retirement plans for businesses and individuals, reporting roughly $3 billion in annual revenue. The acquisition expands Aon's footprint with medium-sized businesses, and marks the latest exit for KKR, which acquired USI and another investment firm for $4.3 billion in 2017. KKR just reported a record $1.29 billion in quarterly asset sales.
Aon has agreed to acquire insurance brokerage USI Insurance Services from private-equity firm KKR and other shareholders for $17 billion, marking one of the largest insurance transactions in recent years. The deal gives Aon a significantly larger presence in...
