Aon to Sell Majority of NFP, an Aon company’s Wealth Business to Madison Dearborn Partners, LLC in $2.7 Billion Deal
PE FORUM > Blog > Fundraising News > deals > Aon to Sell Majority of NFP, an Aon company’s Wealth Business to Madison Dearborn Partners, LLC in $2.7 Billion Deal
– Aon plc (NYSE: AON) signed a definitive agreement to sell a majority of NFP’s wealth business to Madison Dearborn Partners (MDP).
– MDP is a leading Chicago-based private equity firm with over 20 years of experience in financial services investments.
– Aon CEO Greg Case said the deal aligns with Aon’s “3×3 Plan” to focus on core Risk Capital and Human Capital capabilities.
– Transaction strengthens Aon’s capital position, enabling more high-return growth investments and shareholder value creation.
– Aon remains committed to its institutional retirement, investment consulting, and delegated management services.
– MDP Managing Partner and Co-Head of Financial Services, Vahe Dombalagian and Partner and Co-Head of Financial Services at MDP, Matthew Raino led the transaction.
– Vahe Dombalagian said the firm is excited to welcome these businesses back to MDP and deepen its relationship with Aon and NFP through the transaction.
– Post-closing, acquired businesses will unify under a new brand.
– Michael LaMena, current Wealthspire CEO, will become CEO, and Carl Nelson, Head of M&A at NFP, will serve as President.
– NFP CEO Doug Hammond emphasized continued growth opportunities, both organic and through acquisitions.
– Deal terms: MDP will pay $2.7 billion; Aon expects after-tax proceeds of ~$2.2 billion.
– Businesses generate ~$127 million in EBITDA (trailing twelve months ending June 30, 2025).
– Closing expected in late Q4 2025, subject to regulatory approvals.
– Minimal financial impact expected on Aon’s 2025 full-year results.
– Businesses included: Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth, and related platforms.
– MDP is a leading Chicago-based private equity firm with over 20 years of experience in financial services investments.
– Aon CEO Greg Case said the deal aligns with Aon’s “3×3 Plan” to focus on core Risk Capital and Human Capital capabilities.
– Transaction strengthens Aon’s capital position, enabling more high-return growth investments and shareholder value creation.
– Aon remains committed to its institutional retirement, investment consulting, and delegated management services.
– MDP Managing Partner and Co-Head of Financial Services, Vahe Dombalagian and Partner and Co-Head of Financial Services at MDP, Matthew Raino led the transaction.
– Vahe Dombalagian said the firm is excited to welcome these businesses back to MDP and deepen its relationship with Aon and NFP through the transaction.
– Post-closing, acquired businesses will unify under a new brand.
– Michael LaMena, current Wealthspire CEO, will become CEO, and Carl Nelson, Head of M&A at NFP, will serve as President.
– NFP CEO Doug Hammond emphasized continued growth opportunities, both organic and through acquisitions.
– Deal terms: MDP will pay $2.7 billion; Aon expects after-tax proceeds of ~$2.2 billion.
– Businesses generate ~$127 million in EBITDA (trailing twelve months ending June 30, 2025).
– Closing expected in late Q4 2025, subject to regulatory approvals.
– Minimal financial impact expected on Aon’s 2025 full-year results.