Aon plc announced the signing of a definitive agreement to sell a significant majority of NFP's wealth business to Madison Dearborn Partners.
The transaction includes Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth, and related platforms, reinforcing Aon's focus on core Risk Capital and Human Capital capabilities in the middle market.
The purchase price is estimated to be $2.7 billion at the time of close, with the transaction expected to finalize in Q4 2025.
Transaction Details
Sale of Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth, and related platforms to Madison Dearborn Partners for $2.7 billion.
Strategic Focus
Reinforces Aon's commitment to core Risk Capital and Human Capital capabilities while enhancing flexibility for high-return growth investments.
Leadership Changes
Michael LaMena to lead as CEO and Carl Nelson as President of the unified brand formed after the transaction.
- The transaction will support further growth of the acquired businesses to meet evolving client needs.
- MDP's acquisition aims to create new opportunities for employee development within the businesses.
- Expected financial impact on Aon's full-year 2025 results is not deemed material, reflecting the company's strategic focus on long-term value creation.
With this agreement, Aon reinforces its strategic alignment with core capabilities and prepares to embark on high-return growth investments. The collaboration with Madison Dearborn Partners sets the stage for enhanced client offerings and sustained value creation.