Aon is closing in on a deal to acquire insurance brokerage USI from private-equity firm KKR for roughly $17 billion, including debt, The Wall Street Journal reported Sunday. Citing people familiar with the matter, the Journal said an announcement could come as soon as Monday.
USI, based in Valhalla, New York, is an insurance brokerage and consulting firm focused on risk management, employee benefits and retirement consulting. The company generates about $3 billion in annual revenue, according to its website.
KKR’s ownership history
KKR acquired USI from private-equity firm Onex in 2017 and has since increased its stake, becoming the company’s largest shareholder in 2023. A sale of USI would add to a string of notable exits for KKR this year, including the sales of data-center cooling firm CoolIT and Circor’s commercial and defense aerospace business. KKR reported record asset sales of $1.29 billion for the quarter ended in June.
Why Aon wants USI
For Aon — a large insurance broker and consultancy with a market capitalization of $75 billion — the acquisition would extend its reach into midsize businesses and boost earnings per share as soon as 2028, the Journal reported, citing a person familiar with the matter.
Aon reported second-quarter adjusted earnings of $3.81 per share on July 29, beating Wall Street analysts’ estimates. The stock has since fallen 5.6%, closing at $355.40 on Friday.
Source: www.cnbc.com — https://www.cnbc.com/2026/08/30/aon-usi-17-billion-deal-talks.html
This article is for informational purposes only and does not constitute financial, investment, tax, or legal advice. Do your own research and consult a licensed professional before making financial decisions.
