Insurance brokerage Aon has acquired global investment management firm The Townsend Group for 4.8bn from Colony NorthStar. The purchase will add real estate services to Aon's investment organisation, demonstrating its continued restructuring after it sold its benefits administration and HR outsourcing arms to the Blackstone Group for $$475m in 2018. The Townsend Group's chief executive Terry Ahern will remain to lead the real estate services.
Insurance brokerage Aon has acquired global investment management firm The Townsend Group for $475m from Colony NorthStar. The purchase will add real estate services to Aon's investment organisation, demonstrating its continued restructuring after it sold its benefits administration and HR outsourcing arms to the Blackstone Group for $4.8bn in 2018. The Townsend Group's chief executive Terry Ahern will remain to lead the real estate services.