Aon, PLC is a business solutions provider that offers services such as commercial risk solutions, retirement solutions, reinsurance solutions, health solutions, and data solutions, among others. In a December 2023 Aon press release, the international solutions provider announced that it had acquired financial services firm NFP.
Aon agreed to acquire NFP for an estimated $13.4 billion, which was funded by cash and Aon stock. Launched in 1999, NFP is a middle market leader, property and casualty broker, wealth manager, retirement plan manager, and benefits consultant. NFP’s strength in these areas is connected to its local relationships and people-first strategy that emphasizes impact, well-being, and belonging.
This acquisition further expands Aon’s reach in the middle market as it relates to risk, benefits, and wealth and retirement planning. Aon CEO Greg Case stated that the acquisition will provide opportunities in offering clients relevant business services as well as create opportunities for the employees at Aon and strengthen shared cultural values between the two firms. Moreover, Aon President Eric Andersen said that NFP has one of the most robust leadership teams and cultures that he has encountered in his more than 30 years in the industry, stating he looks forward to working with NFP leadership and staff.
The press release stated that the transaction was to close sometime in the middle of 2024. For more information on the Aon NFP acquisition, please visit aon.mediaroom.com/.
