Aon Mergers and Acquisitions Summary

InsuranceCompany

Aon has acquired 34 companies, including 7 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 18 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 11 countries. The Company’s most targeted sectors include insurance (64%) and business services (16%).

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 Activity51
    • M&A Buy Activity33
    • M&A Sell Activity18
  • Total Sectors Invested 7
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 29
  • M&A Advisors 8

Aon

Aon plc

Metropolitan Building James Joyce Street,
Dublin , EC3V 4AN
Ireland,
+353 1 266 6000
www.aon.com

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.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (1.4/yr) # 26 1 3 - 3 - 33
vol $8.7B $36.1B $44.8B
Sell (1.0/yr) # 13 1 - 3 1 - 18
vol $3.5B $3.5B
  51

Most Recent M&A

Company Date Value Type
Evaluación de Riesgos Naturales 2022-11-10 - Add-on Acquisition
Mexico, Mexico · www.ern.com.mx
Pentland Analytics - Data & Analytics Capabilities for Reputational Risk 2022-10-05 - Divestiture
London, United Kingdom
Aon’s eDiscovery Practice 2022-06-09 - Divestiture
Dublin, Ireland
RPC Tyche - Tyche Actuarial Software Platform 2022-03-01 - Divestiture
London, United Kingdom
Aon’s U.S. Retirement Business 2021-06-03 - Divestiture
, United States
Aon Hewitt Health Market Insurance Solutions, Inc. 2021-06-03 - Divestiture
Chicago, Illinois · www.retiree.aon.com
Aon’s Germany Retirement and Investment Business 2021-05-17 - Divestiture
, Germany
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
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
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

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 21 (64%) 39.5B (88%) 6 (33%) 3.5B (100%)
Business Services 5 (15%) 4.9B (11%) 6 (33%) -
Financial Services - - 5 (28%) 14M (< 1%)
Software 2 (6%) - 1 (6%) -
Information Technology 2 (6%) - - -
Education 1 (3%) - - -
Internet Software and Services 1 (3%) - - -
Real Estate 1 (3%) 475M (1%) - -
Total 33 $44.8B 18 $3.5B

By Geo

State/Country Buy Value Sell Value
United States 12 6.6B 10 3.5B
  Illinois 2 4.9B 5 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 10 37.9B 4 -
Canada 1 - 1 -
  Ontario 1 - 1 -
Germany 1 - 1 -
Ireland - - 2 14M
Poland 2 - - -
Russia 2 - - -
Brazil 1 - - -
Mexico 1 - - -
Netherlands 1 332M - -
Peru 1 - - -
Switzerland 1 - - -
Domestic - - 2 (11%) 14M (< 1%)
Cross-border 33 (100%) 44.8B (100%) 16 (89%) 3.5B (100%)
Total 33 $44.8B 18 $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
Clifford Chance LLP
1
Latham & Watkins
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
Investor(s)
12%
4 (12%)
Strategic(s)
18%
6 (18%)
Divested to
Investor(s)
22%
4 (22%)
Strategic(s)
78%
14 (78%)

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