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Aon plc has announced its acquisition of NFP, a versatile middle-market entity encompassing property and casualty brokering, benefits consulting, wealth management, and retirement planning.
The deal, valued at approximately $13.4 billion, includes $7 billion in cash and $6.4 billion in Aon stock. NFP, previously affiliated with Madison Dearborn Partners and HPS Investment Partners, will be seamlessly integrated into Aon’s operations.
Greg Case, Aon’s CEO, highlighted the strategic significance of the acquisition, emphasising its role in enhancing client services amid market volatility.
The move is poised to strengthen Aon’s foothold in the burgeoning middle-market sector, offering an extensive array of risk, benefits, wealth management, and retirement advisory services.
Doug Hammond, NFP’s current Chairman and CEO, will retain leadership post-acquisition, steering the business as an independent yet interconnected platform within Aon.
This transformative step aligns with Aon’s commitment to evolving capabilities to meet dynamic client needs and reinforces their shared cultural values.
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