Aon, a global leader in professional services, has finalised the acquisition of NFP, a prominent middle-market player offering property and casualty broker, from Madison Dearborn Partners (MDP) and HPS Investment Partners.
The acquisition, valued at $13bn, including cash, assumed liabilities, and equity in the form of Aon shares, aligns with the company’s strategy to fortify its foothold in the burgeoning middle-market segment, catering to the evolving needs of clients across diverse risk and wealth management domains.
Aon plans to leverage NFP’s extensive capabilities and talented workforce to bolster its offerings in risk and human capital management.
The move underscores Aon’s commitment to driving innovation and delivering exceptional value to clients, further solidifying its position as a global leader in professional services.
NFP, a leading middle-market player, offers a comprehensive suite of insurance and wealth management services, catering to the diverse needs of businesses and individuals.
With a focus on client-centric solutions, the company has established itself as a trusted advisor in the property and casualty brokering, benefits consulting, and retirement planning domains.
Aon’s CEO, Greg Case, emphasised the strategic importance of the acquisition, stating, “It is a historic day for our firm as we welcome NFP to Aon and work together to help clients address increasing volatility across risk and people issues. With high performing teams and leading content and capability – further enabled by our Aon Business Services operating platform – we will create more value for our clients, while also enhancing long-term shareholder value creation for investors. This acquisition is another example of how we are going further, faster with our 3×3 Plan to accelerate our Aon United strategy and further enhance our relevance to clients.”
Aon President Eric Andersen, commented, “The idea of being ‘independent and connected’ is key to how we will collaborate and create more options for clients across our Risk Capital and Human Capital capabilities. Doug and his team have built an exceptional client-centred business and we are focused on using our Aon Business Services platform to scale delivery of new capabilities to small and middle market clients across Aon and NFP.”
Doug Hammond, CEO of NFP, added, “With Aon’s acquisition of NFP now complete, we are starting an exciting new chapter in our company’s history. We look forward to the positive impact that our complementary expertise and capabilities will have on all stakeholders. Aon’s diverse resources and global reach enhance our ability to serve the dynamic risk, workforce, wealth management and retirement needs of our clients. We remain focused on both advancing a culture colleagues want to be part of and working together to contribute to our collective growth and success.”
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