Aon Mergers and Acquisitions Summary

Insurance Company

Aon has acquired 31 companies, including 13 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 14 assets.

Aon’s largest acquisition to date was in 2020, when it acquired Willis Towers Watson for $36.1B. It’s largest disclosed sale occurred in 2007, when it sold Combined Insurance Company of America to Chubb for $2.4B. Aon has acquired in 8 different US states, and 10 countries. The Company’s most targeted sectors include insurance (70%) and business services (14%).

Join Mergr and gain access to Aon’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the insurance sector.

M&A Summary

  • M&A Total Activity44
    • M&A Buy Activity30
    • M&A Sell Activity14
  • Total Sectors Invested 7
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 23
  • M&A Advisors 8

Aon plc

The Leadenhall Building The Aon Centre 122 Leadenhall Street,
London, EC3V 4AN
United Kingdom,
+44 20 7623 5500
www.aon.com

Aon plc 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 London, the United Kingdom.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (2.4/yr) # 18 2 6 - 1 3 30
vol $7.9B $807M $36.1B $44.8B
Sell (0.4/yr) # 12 1 - - 1 - 14
vol $3.5B $3.5B
  44

Most Recent M&A

Company Date Value Type
The Farmington Co. 2020-04-07 - Add-on Acquisition
Farmington, Connecticut · www.farmingtonco.com
Willis Towers Watson PLC 2020-03-09 36.1B USD Merger
London, United Kingdom · www.willistowerswatson.com
Cytelligence, Inc. 2020-02-04 - Add-on Acquisition
Toronto, Ontario · www.cytelligence.com
CoverWallet, Inc. 2019-11-20 - Add-on Acquisition
New York, New York · www.coverwallet.com
Kincentric 2019-04-17 - Divestiture
London, United Kingdom · www.kincentric.com
Unidelta AG 2017-11-30 - Add-on Acquisition
Rapperswil-Jona, Switzerland · www.unidelta.ch
Henderson Insurance Broking Group 2017-10-30 - Add-on Acquisition
Leeds, United Kingdom · www.hibl.co.uk
The Townsend Group LLC 2017-09-01 475M USD Divestiture
Cleveland, Ohio · www.townsendgroup.com
Unirobe Meeùs Groep B.V. (UMG) 2017-08-08 332M EUR Divestiture
The Hague, Netherlands · www.umg.nl
Portus Consulting Ltd. 2017-07-10 - Add-on Acquisition
Warwick, United Kingdom · www.portusconsulting.co.uk
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Aon Hewitt LLC    - CoCubes Technologies Pvt. Ltd. 2016-11-14 4
Chicago, Illinois Gurgaon, India · www.cocubes.com
Aon Hewitt LLC    - Modern Survey, Inc. 2016-02-08 3
Chicago, Illinois Minneapolis, Minnesota · www.modernsurvey.com
Aon Hewitt LLC    - Aon Hewitt - Recruitment Process Outsourcing Business 2016-01-11 2
Chicago, Illinois , United States
Aon Hewitt LLC    - Aon Hewitt - Management Administration Business 2015-12-30 1
Chicago, Illinois , United States
Aon Hewitt LLC    - Kloud Ltd. 2015-02-03 2
Chicago, Illinois London, United Kingdom · www.kloud-consulting.com
Aon Benfield, Inc.    - Sipex Insurance & Reinsurance Brokers SA 2015-01-20 1
Chicago, Illinois Maroggia, Switzerland · www.sipexinsbrokers.com
Aon Global Risk Consulting - AGRC    - Dempsey Partners LLC 2013-06-28 1
, United Kingdom Wilton, · www.dempsey-partners.com
Aon Hewitt LLC    - OmniPoint, Inc. 2012-10-22 1
Chicago, Illinois Tampa, Florida · www.omnipointinc.com
Affinity Insurance Services, Inc.    - Access Plans, Inc. 2012-06-01 2
Hatboro, Pennsylvania · www.affinityinsuranceservices.com Norman, Oklahoma · www.accessplans.com
Aon Consulting, Inc.    - Conrad & Sons Risk Specialists Pte Ltd. 2007-09-29 2
Chicago, Illinois , Singapore

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 21 (70%) 39.5B (88%) 5 (36%) 3.5B (100%)
Business Services 4 (13%) 4.9B (11%) 3 (21%) -
Financial Services - - 5 (36%) 14M (< 1%)
Software 1 (3%) - 1 (7%) -
Education 1 (3%) - - -
Information Technology 1 (3%) - - -
Internet Software and Services 1 (3%) - - -
Real Estate 1 (3%) 475M (1%) - -
Total 30 $44.8B 14 $3.5B

By Geo

State/Country Buy Value Sell Value
United States 12 6.6B 8 3.5B
  Illinois 2 4.9B 4 3.1B
  New York 3 1.2B - -
  California 2 - - -
  Texas 1 - - -
  Ohio 1 475M - -
  Montana 1 - - -
  Minnesota 1 - - -
  Connecticut 1 - - -
  Washington - - 1 352M
  Pennsylvania - - 1 -
United Kingdom 8 37.9B 4 -
Canada 1 - 1 -
  Ontario 1 - 1 -
Poland 2 - - -
Russia 2 - - -
Brazil 1 - - -
Germany 1 - - -
Ireland - - 1 14M
Netherlands 1 332M - -
Peru 1 - - -
Switzerland 1 - - -
Domestic 8 (27%) 37.9B (85%) 4 (29%) -
Cross-border 22 (73%) 6.9B (15%) 10 (71%) 3.5B (100%)
Total 30 $44.8B 14 $3.5B

Top M&A Advisors

Financial Deals
Colonnade Advisors LLC
4
Credit Suisse Investment Banking
3
XMS Capital Partners LLC
1
Legal Deals
Sidley Austin LLP
2
Latham & Watkins
1
Arthur Cox & Co.
1

Deal Values

buy # Total
> $1B 4 $44.0B
$100M to $1B 2 $807M
TOTAL $44.8B
Largest Willis Towers Watson PLC
$36.1B (2020-03-09)
sell # Total
> $1B 1 $2.4B
$100M to $1B 2 $1.1B
< $100M 1 $14M
TOTAL $3.5B
Largest Combined Insurance Company of America Inc.
$2.4B (2007-12-17)

M&A Connections

Deals %
Acquired from
PE Firm(s)
56%
5 56%
Strategic(s)
44%
4 44%
Divested to
PE Firm(s)
21%
3 21%
Strategic(s)
79%
11 79%

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