The transaction marks a significant milestone for Aon and is a step forward in its strategic growth.
Aon’s acquisition of NFP greatly expands its presence in the middle-market sector, adding over 7,700 professionals skilled in property and casualty brokerage, benefits consulting, wealth management, and retirement plan advisory to its roster.
NFP will maintain its operations under the direction of CEO Doug Hammond, who will now report to Aon President Eric Andersen.
Chief executive Greg Case said it was “a historic day” for the company as it officially welcomed NFP into the Aon family. NFP will function as an “independent and connected” platform for risk capital and human capital capabilities within Aon, further solidifying Aon’s market position and expertise.
“With high-performing teams and leading content and capability – further enabled by our Aon Business Services operating platform – we will create more value for our clients, while also enhancing long-term shareholder value creation for investors,” Case said.
He continued: “This acquisition is another example of how we are going further, faster with our 3×3 Plan to accelerate our Aon United strategy and further enhance our relevance to clients.”
Eric Anderson also commented, saying: “The idea of being ‘independent and connected’ is key to how we will collaborate and create more options for clients across our risk capital and human capital capabilities.”
He added: “Doug and his team have built an exceptional client-centered business, and we are focused on using our Aon Business Services platform to scale delivery of new capabilities to small and middle market clients across Aon and NFP.”
For Hammond, the completion of NFP’s sale is the start of “an exciting new chapter” in the broker’s history.
Hammond said the completion of the acquisition of NFP marked the start of “an exciting new chapter.”
He said: “We look forward to the positive impact that our complementary expertise and capabilities will have on all stakeholders. Aon’s diverse resources and global reach enhance our ability to serve the dynamic risk, workforce, wealth management, and retirement needs of our clients.”
“We remain focused on both advancing a culture colleagues want to be part of and working together to contribute to our collective growth and success,” Hammond added.
