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New Deal


Announced

Aon to acquire CoverWallet.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Management Consulting

Private

Single Bidder

professional services

Majority

integrated professional services

Acquisition

Friendly

Pending

Synopsis

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Aon, a global professional services firm providing a range of risk, retirement and health solutions, agreed to acquire CoverWallet, a provider of consulting services. Financial terms were not disclosed. The acquisition provides Aon with additional access to the fast-growing, $200+bn premium digital insurance market for small and medium-sized businesses, as well as the opportunity to leverage CoverWallet's platform to develop and scale innovative digital client experiences that support the firm's Aon United growth strategy. "We started CoverWallet to reinvent commercial insurance. By building our customer-centric platform and leveraging advanced data science, beautiful design, and state-of-the-art technology, we have been able to simplify insurance. Aon's shared vision means we can continue pushing the boundaries of innovation into new markets and new products at a greater scale," Inaki Berenguer, CoverWallet CEO and Co-Founder.

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