Management consulting firm Aon has agreed to buy privately held insurance broker NFP Corp. for about $13.4 billion as part of a push into the middle-market segment of the insurance brokerage, wealth management and retirement plan advisory.
Aon, a leading professional services firm that provides a range of risk, reinsurance, retirement and health solutions, employs 50,000 employees in 120 countries.
Founded in 1999, NFP is a leader in property and casualty brokerage, benefits consulting, wealth management and retirement plan consulting for middle-market clients with more than 7,700 colleagues and an estimated $2.2 billion in 2023 revenue. It forecast a roughly 14% rise in total revenue in 2024 and 2025.
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