Aon to Acquire USI Insurance Services for $17 Billion

August 31, 2026

Aon plc has signed a definitive agreement to acquire USI Insurance Services for $17.0 billion in cash (about $16.7 billion net of tax attributes). The deal is expected to close in the fourth quarter of 2026, subject to regulatory approvals and customary closing conditions.

Buyers
Aon plc, KKR & Co. Inc. (seller; not a buyer)
Targets
USI Insurance Services
Sellers
KKR & Co. Inc., Other shareholders (unspecified)
Location
New York, United States
Transaction Type
Buyout

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