Aon agrees to acquire USI for $17 billion in cash
Filed with the SEC on · Summarized by InvestorsBot
Aon announced on August 31, 2026, that it signed an agreement to acquire USI from KKR and other shareholders for $17.0 billion, with the deal expected to close in the fourth quarter of 2026 pending regulatory and other customary approvals. USI generates about $3.0 billion in annual revenue and has more than 10,500 employees, while Aon expects $395 million in annual run-rate adjusted EBITDA synergies and adjusted EPS accretion beginning in 2028; the purchase will be funded with new debt, and Aon does not expect to repurchase shares in the near term as it prioritizes debt repayment.