Colony NorthStar has reached an agreement to sell The Townsend Group to Aon Inc for $475m

Colony NorthStar Inc., a leading global real estate and investment management firm, announced today it has entered into a definitive agreement to sell The Townsend Group to Aon plc, the leading global professional services firm providing a broad range of risk, retirement and health solutions. Aon has agreed to acquire Townsend for $475 million, subject to certain purchase price adjustments.