KKR to Sell USI Insurance Services to Aon in $17 Billion Deal

KKR & Co. Inc. has agreed to sell USI Insurance Services to Aon plc for $17 billion, a transaction poised to generate a substantial $3.3 billion after-tax cash windfall for KKR. This sale marks one of the largest gains ever for a public private equity firm on a single deal, representing approximately 3.4 times KKR's initial 2017 investment. The deal is expected to boost KKR's adjusted net income by $2 billion.