Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you first.

Blackstone buys largest US benefits admin platform for $4.8B

NEW YORK – Investment firm Blackstone is buying Aon’s technology-enabled benefits and human resources assets in a deal valued at up to $4.8 billion.

The transaction includes $4.3 billion at closing and the potential for up to an additional $500 million based on future performance.

The companies said Friday that the Aon assets being purchased are the largest benefits administration platform in the U.S., serving approximately 15 per cent of the U.S. working population across more than 1,400 companies.

The deal is targeted to close by the end of the second quarter.

Aon Plc., based in London, topped profit expectations as well for the fourth quarter Friday, with net income of $502 million.

News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

Related Articles