Aon's $13.4 Billion Acquisition of Middle-Market Broker NFP
Management consulting firm Aon has announced its plans to acquire privately held insurance broker NFP in a $13.4 billion deal, aiming to tap into the fast-growing middle-market segment of insurance brokerage, wealth management, and retirement plan advisory. The deal, expected to close in mid-2024, will be funded with $7 billion in cash and $6.4 billion in Aon stock. Despite Aon's shares falling 8% due to anticipated one-time transaction and integration costs, the company expects long-term adjusted operating margin expansion. NFP, with over 7,700 employees, is projected to generate $2.2 billion in annual revenue this year and forecast a 14% rise in total revenue by 2025.