Published by Global Banking & Finance Review®
Posted on September 3, 2025
2 min readLast updated: January 22, 2026
Add as preferred source on GoogleAon divests NFP's wealth business for $2.7 billion to Madison Dearborn, refocusing on insurance brokerage.
(Reuters) -Aon on Wednesday agreed to sell NFP's wealth business to private equity firm Madison Dearborn Partners for $2.7 billion, as it looks to sharpen focus on its core insurance brokerage operations.
Aon had acquired privately held NFP in April 2024 from Madison Dearborn in a $13 billion deal, aiming to expand in the fast-growing middle-market for insurance brokerage, wealth management and retirement advisory services.
But the company is now shedding some of those assets. Analysts believed wealth management was a non-core business for Aon, which has traditionally focused on insurance brokerage and risk advisory.
Insurance brokers serve as a bridge between an insurer and its customers, helping clients find a policy that best suits their needs.
"This transaction (divestment) reinforces our ongoing commitment to investing in and growing our core risk capital and human capital capabilities," said Aon CEO Greg Case.
The deal will see businesses including Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth and related platforms return to Chicago-based Madison Dearborn.
The deal, expected to close in the final quarter of the year, was first reported by the Financial Times.
(Reporting by Ananya Palyekar and Manya Saini in Bengaluru; Editing by Harikrishnan Nair and Shinjini Ganguli)
Wealth management is a comprehensive service that combines investment management, financial planning, and other financial services to help clients manage and grow their wealth.
Private equity refers to investment funds that buy and restructure companies that are not publicly traded, aiming to improve their financial performance before selling them for a profit.
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