Aon close to acquiring USI Insurance from KKR in $17 billion deal, WSJ reports
The acquisition would expand Aon’s insurance brokerage business and could lift earnings per share by 2028, according to the report.
- On Sunday, the Wall Street Journal reported that London-headquartered Aon is nearing a deal to acquire New York-based USI Insurance Services from KKR for about $17 billion, including debt.
- KKR, alongside Canadian pension fund Caisse de dépôt et placement du Québec, purchased USI from Onex Corporation in 2017 for $4.3 billion, later investing more than $1 billion to become its largest shareholder.
- This acquisition would enhance Aon's capabilities in serving midsize businesses, with projections indicating the deal will increase earnings per share as soon as 2028, according to the report.
- Negotiations could conclude with an official announcement as early as Monday, though Reuters could not immediately verify the report and Aon and USI could not be reached for comment.
- The potential sale marks the latest in a series of major exits for KKR, following the divestitures of data-center cooling business CoolIT and the defense aerospace unit of Circor.
38 Articles
38 Articles
Aon’s $17B USI Deal Targets Middle-Market Insurance Dominance
AON (NYSE:AON) said it has entered a definitive agreement to acquire U.S. middle-market insurance broker USI in an all-cash transaction valued at approximately $17 billion, or $16.7 billion net of certain tax attributes. The company expects the deal to close in the fourth quarter of 2026, subject to
For 17 billion dollars, Aon will take over USI and strengthen its business with medium-sized customers. For major shareholder KKR, the deal will become a billion-dollar gain.
Aon strikes $17 billion deal for rival USI Insurance Services
Aon will purchase rival USI Insurance Services for seventeen billion dollars. This acquisition aims to strengthen Aon's position in the middle-market segment. The deal highlights increasing consolidation within the insurance brokerage industry. USI, founded in nineteen ninety-four, offers various insurance and consulting services. The transaction is expected to finalize in the fourth quarter of twenty twenty-six.
The AI Journal
Laotian TimesAon to acquire USI to establish the premier U.S. middle-market platform
Builds on the successful acquisition of NFP to advance leading platform in the large and growing U.S. middle market Extends Aon’s differentiated capabilities to provide better choice, superior solutions and greater value for clients Expands Aon’s access to the Excess & Surplus (E&S) segment, among the fastest-growing areas in U.S. commercial insurance Enhances Aon’s industry-leading …
Coverage Details
Bias Distribution
- 63% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
