Framing Analysis
Aon is in advanced talks to acquire USI from KKR in a transaction valued at roughly $17 billion including debt, with an announcement possibly as soon as Monday. USI, based in Valhalla, New York, generates about $3 billion in annual revenue and was acquired by KKR from Onex in 2017. The deal is projected to be accretive to Aon’s earnings per share beginning in 2028.