M&A Deal Summary

Alight Solutions Acquires Aon Retiree Health Exchange

On June 3, 2021, Alight Solutions acquired insurance company Aon Retiree Health Exchange from Aon

Acquisition Highlights
  • This is Alight Solutions’ 1st transaction in the Insurance sector.
  • This is Alight Solutions’ 3rd transaction in the United States.
  • This is Alight Solutions’ 1st transaction in Illinois.

M&A Deal Summary

Date 2021-06-03
Target Aon Retiree Health Exchange
Sector Insurance
Buyer(s) Alight Solutions
Sellers(s) Aon
Deal Type Divestiture

Target

Aon Retiree Health Exchange

Chicago, Illinois, United States
Aon Retiree Health Exchange is an individual market solution that better supports employers and their retirees. It was the first retiree exchange to meet the National Council on Aging (NCOA) standards and continues to meet or exceed those rigorous standards of excellence in consumer education and health insurance brokerage services for people with Medicare.

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Buyer(S) 1

Buyer

Alight Solutions

Lincolnshire, Illinois, United States

Category Company
Sector Information Technology
Employees18,000
Revenue 3.1B USD (2023)
DESCRIPTION

Alight Solutions is a provider of outsourced benefits administration and human capital technology. The Company helps drive better health and financial outcomes for employers, employees and plan participants by leveraging proprietary technology, deep domain expertise and global delivery capabilities. Alight Solutions is based in Lincolnshire, Illinois.


DEAL STATS #
Overall 5 of 7
Sector (Insurance) 1 of 1
Type (Divestiture) 2 of 3
State (Illinois) 1 of 1
Country (United States) 3 of 5
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-22 NGA Human Resources

London, United Kingdom

NGA Human Resources is a provider of digital HR and multi-country payroll services. NGA Human Resources was founded in 1969 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-26 ConsumerMedical

Norwell, Massachusetts, United States

ConsumerMedical is clinical advocacy, decision support, and expert second opinion company serving over four million individuals through employers, health plans, and private exchanges. ConsumerMedical is based in Norwell, Massachusetts.

Buy -

Seller(S) 1

SELLER

Aon

Dublin , Ireland

Category Company
Founded 1919
Sector Insurance
Employees50,000
Revenue 13.4B USD (2023)
DESCRIPTION
Aon's offices in downtown Sydney, Australia.
Aon's offices in downtown Sydney, Australia.

Aon is a provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing. Aon serves clients through two segments, Risk Solutions and HR Solutions. Risk Solutions acts as an advisor and insurance and reinsurance broker, helping clients manage their risks via consultation, as well as negotiation and placement of insurance risk with insurance carriers through our global distribution network. HR Solutions partners with organizations to solve their most complex benefits, talent and related financial challenges, and improve business performance by designing, implementing, communicating and administering a wide range of human capital, retirement, investment consulting, health care, compensation and talent management strategies. Aon was founded in 1919 and is based in Dublin, Ireland.


DEAL STATS #
Overall 17 of 20
Sector (Insurance) 6 of 7
Type (Divestiture) 17 of 20
State (Illinois) 4 of 4
Country (United States) 10 of 12
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 Aon - U.S. Retirement Business

United States

Aon’s U.S. Retirement Business provides U.S. core retirement consulting and U.S. pension administration services to clients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 RPC Tyche - Tyche Actuarial Software Platform

London, United Kingdom

RPC Tyche's Actuarial Software Platform is a graphical development environment based on a flowchart programming paradigm, the Flowgram™. The underlying calculation engine, Tyche engine, is our "state-of-the-art" grid parallel analytic engine offering unparalleled speed and data connectivity.

Buy -