M&A Deal Summary

Aon Acquires Stroz Friedberg

On October 11, 2016, Aon acquired business services company Stroz Friedberg from New Mountain Capital and GCP Capital Partners

Acquisition Highlights
  • This is Aon’s 3rd transaction in the Business Services sector.
  • This is Aon’s 9th transaction in the United States.
  • This is Aon’s 2nd transaction in New York.

M&A Deal Summary

Date 2016-10-11
Target Stroz Friedberg
Sector Business Services
Buyer(s) Aon
Sellers(s) New Mountain Capital
GCP Capital Partners
Deal Type Add-on Acquisition

Target

Stroz Friedberg

New York, New York, United States
Stroz Friedberg is a specialized risk management firm built to help clients solve the complex challenges prevalent in today’s digital, connected and regulated business world. A global leader in cyber security with leading experts in digital forensics, incident response and security science; investigations; eDiscovery and due diligence, Stroz Friedberg works to maximize the health of an organization, ensuring its longevity, protection and resilience. Stroz Friedberg currently serves Fortune 100 companies, 80 percent of the AmLaw 100 and the Top 20 UK law firms.

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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 19 of 37
Sector: Business Services M&A 3 of 7
Type: Add-on Acquisition M&A Deals 13 of 26
State: New York M&A 2 of 3
Country: United States M&A 9 of 14
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Aon Fire Protection Engineering

Glenview, Illinois, United States

Aon Fire Protection Engineering Corp. is a global provider of life safety, building code and security consulting services specializing in fire protection engineering solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-25 Admix Consultoria

Sao Paulo, Brazil

Admix Consultoria Ltda. is a health and benefits broker and benefits administrator focused on the SME market in Brazil. Admix serves more than 6,700 clients and has issued more than $500 million in premium in 2015. Admix’s strength lies in its deep knowledge of clients and products, combined with its scale, distribution (more than 500 active associated brokers) and superior technology, that enables a superior value proposition for clients.

Buy -

Seller(S) 2

SELLER

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 1999 and is based in New York, New York.


DEAL STATS #
Overall 19 of 53
Sector: Business Services M&A 3 of 6
Type: Add-on Acquisition M&A Deals 10 of 24
State: New York M&A 2 of 5
Country: United States M&A 17 of 50
Year: 2016 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 AmWINS

Charlotte, North Carolina, United States

AmWINS is a distributor of insurance products, provides property and casualty products, group insurance programs, and administrative services to retail insurance agents. It provides brokerage services in the areas of property, casualty, financial risk, auto, construction, environmental, healthcare, life sciences, and public entity. AmWINS was founded in 1998 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 Camber

Huntsville, Alabama, United States

Camber Corp. is a provider of professional and management services for federal government agencies, specializing in information technology, decision support systems, training, engineering, and modeling and simulation, primarily within the Department of Defense.

Sell $380M
SELLER

GCP Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Merchant Bank
Founded 2000
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GCP Capital Partners consists of GCP US, GCP Europe, and GCP Venture. GCP US targets North American acquisitions. The unit looks to invest $10 to $50 million in businesses valued up to $500 million. GCP Europe targets businesses in the UK and Europe. The European team looks to invest up to £40 million in companies valued up to £100 million. Sectors of interest include business services, education, energy, financial services, insurance and telecommunications.


DEAL STATS #
Overall 20 of 24
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 10
State: New York M&A 3 of 4
Country: United States M&A 18 of 22
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-12 Complete Merchant Solutions

Orem, Utah, United States

Complete Merchant Solutions is a full-service electronic payments solutions provider. The company facilitate electronic payment processing for all major Credit & Debit cards; Gift & Loyalty cards; ACH, Remote Deposit Capture as well as other non-cash payment methods. Complete Merchant Solutions was founded in 2008 and is based in Orem, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 Transfast

New York, New York, United States

Transfast is a provider of cross-border payments solutions to consumers and businesses around the world. The Company operates a multi-product, best-in-class payments network capable of processing payments across 120 countries and offering more than 1,000 currency pairs. Transfast was founded in 1988 and is based in New York.

Sell -