07:23 AM EDT, 09/03/2025 (MT Newswires) -- Aon (AON) said Wednesday it has agreed to sell a "significant majority" of NFP's wealth businesses to Chicago-based private equity firm Madison Dearborn Partners for $2.7 billion.

Following the close of the transaction, Aon said the acquired businesses, including Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth, and related platforms, will be consolidated under a unified brand name.

The new company will be led by Michael LaMena, chief executive officer of Wealthspire Advisors, as CEO, and Carl Nelson, head of M&A for NFP, as president, Aon added.

The transaction, expected to close in late Q4, is not expected to have a material impact on its 2025 results, Aon said.