Insurance brokerage giant Aon Plc is in advanced negotiations to acquire USI Insurance Services from private equity firm KKR for approximately $17 billion including debt, according to the Wall Street Journal.
📌 Key Deal Metrics & Financial Figures:
- ~$17 Billion Valuation: Total purchase price including enterprise debt, valuing USI at roughly 5.7x annual sales.
- ~$3 Billion Annual Revenue: Generated by Valhalla, NY-based USI Insurance Services across its property, casualty, and employee benefits lines.
- $4.3 Billion 2017 Purchase: KKR acquired USI in 2017 alongside CDPQ for $4.3B (including debt) and later injected over $1B in additional equity to become its largest shareholder.
- 2028 Accretion Target: The acquisition is projected to boost Aon’s earnings per share as early as 2028.
💡 Strategic Impact & PE Exits:
- Middle-Market Expansion: Follows Aon’s $13B acquisition of NFP in 2024, expanding its reach among midsize corporate clients and high-net-worth individuals.
- Major Private Equity Realization: Marks another significant exit for KKR, following recent divestitures of CoolIT and Circor.