Aon - M&A Summary and Business Overview

InsuranceCompany

Aon M&A Summary

Aon has acquired 36 companies, including 9 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 20 assets.

Aon’s largest acquisition to date was in 2023, when it acquired National Financial Partners for $13.4B. 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 12 countries. The Company’s most targeted sectors include insurance (60%) and business services (20%).

Aon Business Overview

Where is Aon headquartered?

Aon is headquartered in Dublin , Ireland.

What is Aon’s revenue?

Aon disclosed revenue of 11,066M USD for 2020 and 11,013M USD for 2019.

How many employees does Aon have?

Aon has 50,000 employees.

What sector is Aon in?

Aon is an insurance company.

When was Aon founded?

Aon was founded in 1919.

M&A Summary

  • M&A Total Activity55
    • M&A Buy Activity35
    • M&A Sell Activity20
  • Total Sectors Invested 6
  • Total Countries Invested 12
  • M&A Buy/Sell Connections 32
  • M&A Advisors 10

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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 27 2 - 3 2 1 35
vol $8.7B $13.4B $22.1B
Sell (1.2/yr) # 14 - 3 1 - 2 20
vol $3.5B $3.5B
  55

Most Recent M&A

Company Date Value Type
Townsend Group LLC 2024-04-29 - Divestiture
Cleveland, Ohio · www.townsendgroup.com
Healthy Paws Pet Insurance LLC 2024-04-22 - Divestiture
Bellevue, Washington · www.healthypawspetinsurance.com
Humn.ai Ltd. 2024-03-07 - Add-on Acquisition
Leeds, United Kingdom · www.humn.ai
National Financial Partners Corp. 2023-12-20 13.4B USD Add-on Acquisition
Austin, Texas · www.nfp.com
NGS Seguros 2023-08-31 - Add-on Acquisition
, Uruguay · www.ngs.com.uy
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
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 (60%) 16.7B (76%) 7 (35%) 3.5B (100%)
Business Services 7 (20%) 5.4B (24%) 7 (35%) -
Financial Services - - 5 (25%) 14M (< 1%)
Information Technology 3 (9%) - - -
Software 2 (6%) - 1 (5%) -
Education 1 (3%) - - -
Internet Software and Services 1 (3%) - - -
Total 35 $22.1B 20 $3.5B

By Geo

State/Country Buy Value Sell Value
United States 13 20.0B 12 3.5B
  Illinois 2 4.9B 4 3.1B
  New York 3 1.2B - -
  Texas 2 13.4B - -
  California 2 - - -
  Ohio 1 475M 1 -
  Washington - - 2 352M
  Montana 1 - - -
  Minnesota 1 - - -
  Connecticut 1 - - -
  Pennsylvania - - 1 -
  Georgia - - 1 -
United Kingdom 10 1.8B 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 - - -
Uruguay 1 - - -
Domestic - - 2 (10%) 14M (< 1%)
Cross-border 35 (100%) 22.1B (100%) 18 (90%) 3.5B (100%)
Total 35 $22.1B 20 $3.5B

Top M&A Advisors

Financial Deals
Colonnade Advisors LLC
4
Credit Suisse Investment Banking
2
UBS Investment Bank
1
Legal Deals
Sidley
2
Clifford Chance
1
McDermott Will & Emery
1

Deal Values

buy # Total
> $1B 4 $21.3B
$100M to $1B 2 $807M
TOTAL $22.1B
Largest National Financial Partners Corp.
$13.4B (2023-12-20)
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)
14%
5 (14%)
Strategic(s)
17%
6 (17%)
Divested to
Investor(s)
25%
5 (25%)
Strategic(s)
75%
15 (75%)

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