Aon Acquires USI for $17 Billion to Expand Mid-Market Presence
Aon PLC (NYSE:AON) has agreed to acquire insurance brokerage firm USI from KKR in a deal valued at approximately $17 billion, including debt. The acquisition is aimed at expanding Aon's presence among mid-sized businesses and enhancing its risk management services. USI generates about $3 billion annually in revenue and offers health insurance, retirement plans, and other related services. The net purchase price of the transaction stands at around $16.7 billion after accounting for certain tax attributes. The deal is valued at 14.5 times on a synergized trailing twelve-month adjusted EBITDA basis. Aon intends to finance the acquisition through new debt, subject to market conditions. This marks KKR's latest exit since acquiring USI in 2017 with another investment firm for $4.3 billion.
Topics: $17 billion deal Aon insurance brokerage KKR USI Holdings Corp.