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00:02Aon agreed to acquire insurance brokerage USI Insurance from KKR for roughly $17 billion,
00:09including debt, according to the Wall Street Journal.
00:12USI generates about $3 billion in annual revenue and provides insurance brokerage,
00:17consulting, and employee benefits services.
00:20Aon said the acquisition will expand its capabilities serving mid-sized businesses
00:24and is expected to increase earnings per share by 2028.
00:28CEO Greg Kay said the deal should have a financial impact almost immediately.
00:33KKR acquired USI alongside CDPQ for $4.3 billion in 2017 and later increased its ownership stake.
00:40The transaction adds to a series of recent KKR exits.
00:45Aon previously acquired middle market insurance broker NFP for about $13 billion in 2024.
00:50For all things money, visit Benzinga.com.
