M&A Deal Summary

Aon Acquires Alexander & Alexander Services

On December 12, 1996, Aon acquired insurance company Alexander & Alexander Services for 1.2B USD

Acquisition Highlights
  • This is Aon’s 2nd transaction in the Insurance sector.
  • This is Aon’s 4th largest (disclosed) transaction.
  • This is Aon’s 2nd transaction in the United States.
  • This is Aon’s 1st transaction in New York.

M&A Deal Summary

Date 1996-12-12
Target Alexander & Alexander Services
Sector Insurance
Buyer(s) Aon
Deal Type Merger
Deal Value 1.2B USD

Target

Alexander & Alexander Services

New York, New York, United States
Alexander & Alexander is a New York-based brokerage firm for commercial insurance but has a large office in Baltimore, and all but its most senior administrative personnel are based in Owings Mills.

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Buyer(S) 1

Buyer

Aon

Dublin , Ireland

Category Company
Founded 1919
Sector Insurance
Employees60,000
Revenue 15.7B USD (2024)
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 2 of 37
Sector: Insurance M&A 2 of 22
Type: Merger M&A Deals 1 of 2
State: New York M&A 1 of 3
Country: United States M&A 2 of 14
Year: 1996 M&A 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1989-07-04 Bayly Martin & Fay

Ft. Worth, Texas, United States

Bayly Martin & Fay was a medium-sized national insurance broker that is now part of AON.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-27 Momentum Financial Services

Ashford, Ireland

Momentum Financial Services Ltd. is the largest national independent financial advisory businesses in the UK.

Sell €12M