Aon to Acquire NFP
December 20, 2023
Aon plc agreed to acquire NFP, a leading middle-market insurance broker and benefits/wealth advisor, from funds affiliated with Madison Dearborn Partners and HPS Investment Partners for an estimated $13.4 billion. The deal will be funded with $7.0 billion in cash and $6.4 billion of Aon stock, with NFP operating as an independent but connected platform under Doug Hammond and expected to close subject to regulatory approvals in mid-2024.
- Buyers
- Aon plc
- Targets
- NFP
- Sellers
- Funds affiliated with Madison Dearborn Partners, Funds affiliated with HPS Investment Partners
- Industry
- Insurance
- Location
- New York, United States
- Transaction Type
- Buyout
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