Aon nears deal to acquire KKR-backed USI for ~$17 billion

1. 1Aon (AON) nears signing to acquire insurance broker USI from KKR for ~$17 billion including debt
2. 2USI has annual revenue of ~$3 billion, implying a multiple of ~5.7x revenue; WSJ reports announcement possible Monday
3. 3KKR, which bought USI for $4.3 billion in 2017, is the largest shareholder; Aon expands mid-market after its ~$13 billion NFP acquisition in 2024

Source WSJ +7 · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →