On Wednesday, Aon plc (NYSE:AON) disclosed a deal to sell most of NFP’s wealth business to Chicago-based private equity firm Madison Dearborn Partners, LLC (MDP) for an estimated $2.7 billion at closing.
Aon expects to garner about $2.2 billion in after-tax cash proceeds.
NFP’s wealth business includes Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth, and related platforms.
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The units reported roughly $127 million in EBITDA over the 12 months ended June 30, 2025.
The deal, subject to regulatory approvals and other customary conditions, is anticipated to close in the late fourth quarter of 2025 and is not expected to have a material impact on Aon's full-year 2025 results.
“This transaction reinforces our ongoing commitment to investing in and growing our core Risk Capital and Human Capital capabilities,” Greg Case, CEO of Aon stated. “Through disciplined portfolio management, we are further strengthening our capital position while enabling greater flexibility for high-return growth investments that drive sustained value creation and shareholder returns.”
As of June 30, Aon had cash and cash equivalents of $1.0 billion.
Price Action: AON shares are down 0.28% at $370.91 premarket at the last check on Wednesday.
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