Aon plc (NYSE: AON), a leading global professional services firm, today announced the signing of a definitive agreement to acquire UK-based insurance broker Griffiths & Armour.
Upon finalizing the transaction, Griffiths & Armour will be fully acquired by Aon UK Limited and is anticipated to be presented in the market as “Griffiths & Armour, an Aon company”.
Aon and Griffiths & Armour will continue to operate independently until the closing date.
The transaction is expected to close in the first quarter of 2025, subject to customary conditions, including regulatory approvals.
Greg Case, CEO of Aon, said, “As we continue to go further, faster to help our clients navigate growing uncertainty and volatility, we are looking forward to welcoming Griffiths & Armour to Aon”.
Throughout Thursday’s trading, Aon plc (AON) shares fluctuated between $366.52 and $372.23, with a trading volume of 1.03 million shares. The stock ended the regular trading session at $366.87, marking fall of 0.7 percent.
