Blackstone to Acquire Aon Unit for Up to $4.8 Billion -
LONDON — The Blackstone Group said on Friday that funds affiliated with the private equity giant
had agreed to pay up to $4.8 billion to acquire Aon’s human resources outsourcing business.
“This transaction sharpens our focus on growing our core professional services capabilities and accelerates our ability to invest in emerging client needs, while ensuring
that clients continue to receive the level of service and performance they have come to expect,” said Gregory C. Case, the Aon president and chief executive.
“Blackstone sees tremendous opportunity for investing in leading businesses within the technology-enabled
services sector, where we believe there is a significant opportunity to accelerate future growth.”
Aon acquired the business in 2010 as part of its $4.9 billion takeover of Hewitt Associates.
“We are excited to acquire a world-class leader of scale in health, retirement
and HR services,” Peter Wallace, a Blackstone senior managing director, said in a news release.
