Aon plc has introduced its acquisition of NFP, a flexible middle-market entity encompassing property and casualty brokering, advantages consulting, wealth administration, and retirement planning.
The deal, valued at roughly $13.four billion, contains $7 billion in money and $6.four billion in Aon inventory. NFP, beforehand affiliated with Madison Dearborn Companions and HPS Funding Companions, will probably be seamlessly built-in into Aon’s operations.
Greg Case, Aon’s CEO, highlighted the strategic significance of the acquisition, emphasising its function in enhancing shopper providers amid market volatility.
The transfer is poised to strengthen Aon’s foothold within the burgeoning middle-market sector, providing an in depth array of threat, advantages, wealth administration, and retirement advisory providers.
Doug Hammond, NFP’s present Chairman and CEO, will retain management post-acquisition, steering the enterprise as an unbiased but interconnected platform inside Aon.
This transformative step aligns with Aon’s dedication to evolving capabilities to fulfill dynamic shopper wants and reinforces their shared cultural values.